Last deal

Amount

Grant

Stage

17.04.2023

Date

5

all rounds

$113.5M

Total amount

General

About Company
ElectraSteel decarbonizes iron and steelmaking by using renewable energy.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.2019

Number of employees

Last funding type

Grant

IPO status

Private

Description

The company provides alternative steelmaking technology that leverages industrial-scale electrochemical and hydrometallurgical processes to eliminate 3.7 gigatons or 10% of global carbon dioxide emissions. ElectraSteel's technology focuses on electrifying and decarbonizing steelmaking using renewable energy with zero carbon dioxide emissions, which helps clients to lower the energy intensity and cost of the steelmaking process. The company's investors include leading sustainability-focused global venture capital funds with $300B+ assets under management. ElectraSteel offers careers that provide the opportunity to revolutionize carbon-intensive manufacturing industries and bring to market solutions that dramatically improve the health of the planet.
Contacts

Phone number

Social url