Clean-iron firm Electra raises $186M to scale up production – BizWest

Clean-iron firm Electra raises $186M to scale up production – BizWest

Electrasteel Inc., a developer of a more-sustainable iron and steel production process that does business as Electra, recently closed a $186 million Series B fundraising round, money that it plans to use to build a new plant and scale up production.

Clean Iron Startup Electra Raises $186 Million to Decarbonize Steelmaking

Clean iron producer Electra announced that it has raised $186 million in a Series B funding round, with proceeds from the financing aimed at supporting the path to commercializing its technology to decarbonize iron and steelmaking. In addition to financial investors, the round included several strategic investors from across the mining, steel, and consumer sectors, […]

Hype gets closer to the world of battery with Electra The pioneer of zero-emission taxis, first with hydrogen from 2015, and now also with battery-powered vehicles, announces a partnership with Electra. Without opposing technologies, the operator intends to capitalise on the significant progress made in the battery ecosystem, both in terms of vehicles and charging infrastructures. Therefore, it is at the end of a selection process, launched at t…

Electra Airways and Polish tour operator launch Air 001

Bulgarian ACMI and charter carrier Electra Airways has linked up with Polish tour operator ITAKA to launch a new airline brand called ‘Air 001’, with the intention of offering charter flights between Poland and a number of leisure destinations   Although it will have its own corporate identity, brand name and livery, the new airline will actually use Electra Airways’ Air Operator Certificate (AOC).  Air 001 is to have a fleet of four aircraft, t…

With its official market entry last November, the French charging infrastructure operator Electra ventured into Germany – despite a "saturated" market and a slowed ramp-up of electric mobility. "We reserved Germany for a long time because the market is already very established. There are many players, and the market is saturated. However, it is interesting because of its size and financial strength," explains Kerstin Schmidt, Managing Director o…

US-based Electra bags $186M Series B funding round co-led by Capricorn Investment Group, Temasek

Electra, a clean iron company, announced Thursday its $186 million Series B funding round, co-led by Capricorn Investment Group and Temasek Holdings. This brings Electra’s total funding to date to $214 million, reinforcing its position as one of the leading solutions for decarbonizing iron production and underscoring its strong path to commercialization this decade. The funding round features top-tier investors across the value chain. These incl…