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

By: Tim De Chant

3 January 2025 at 07:11

Electra has raised $180.4 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 […]