Electra found a cheap, clean way to purify iron, and it’s raising $257M to make it happen

Jan 03, 2025

Electra has raised $76.3 million to clean up the dirty ironmaking industry, TechCrunch has learned. The startup has developed a novel method of using electricity to coax pure iron out of low-grade ores, opening the door to cleaner steel. The new funding round, which was disclosed in a regulatory filing, seeks to raise a total […] © 2024 TechCrunch. All rights reserved. For personal use only.