Electra Valuation, Funding & Investors

Electra is valued at $1.2B as of June 2021.

Last Electra valuation

$1.2B

Series A · Jun 2021

Last Electra funding round

$186M

Series B · Apr 2025

Cumulative funding Electra raised

$299M

across 3 funding rounds

Key investors in Electra

  • Temasek
  • Capricorn Investment Group
  • Valor Equity Partners
  • Amazon
  • Breakthrough Energy Ventures
  • Lowercarbon Capital

Electra Overview

About Electra

Electra is a steelmaking technology company that produces clean iron from high-impurity ores using electrolytic reduction powered by renewable energy. Operating a pilot plant in Boulder, Colorado since 2022, its process eliminates coking coal and cuts carbon emissions by 80% compared to blast furnaces. The company raised $85 million in Series A funding in 2023 from investors including Breakthrough Energy Ventures and works with steel producers to scale commercial facilities targeting 10 million tons annual output by 2030.


Founded

2020

HQ

United StatesBoulder, CO

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$1.2B (Jun 2021)

Electra Valuation

Electra is currently valued at $1.2B, based on its Series A in June 2021.

Electra valuation by funding round

Electra valuation by funding round
DateStageValuation
Jun 2021Series A$1.2B

Electra Funding History

Electra has raised a total of $299M across 3 funding rounds.

Electra's first fundraising round was a $28M Series A in June 2021. The most recent completed round was a $186M Series B in April 2025.

Electra funding rounds

Electra funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Apr 2025Series BCapricorn Investment Group (lead); Temasek (lead)$186M-Electra is a Boulder, Colorado-based clean iron startup founded in 2020, developing a patented, modular electrolytic process to produce high-purity iron from low-grade ores using intermittent renewable energy, eliminating fossil fuels and enabling decarbonization of steelmaking for electric arc furnaces. The company raised $186 million in its Series B funding round on April 24, 2025, co-led by Capricorn Investment Group and Temasek Holdings, bringing total funding to $214 million. Participants included Breakthrough Energy Ventures, Builders Vision, Collaborative Fund, Earth Venture Capital, Lowercarbon Capital, S2G Investments, BHP Ventures, Rio Tinto, Roy Hill, Nucor, Yamato Kogyo, Interfer Edelstahl Group, and Toyota Tsusho Corporation. Proceeds will fund construction of a demonstration plant in Colorado starting in 2025 to validate the technology at scale, support partner testing, and accelerate path to full commercial production by the end of the decade. Electra has secured off-take agreements with customers like ZF Group, Interfer Edelstahl Group, Nucor, and Toyota Tsusho, plus an environmental attribute credit agreement with Meta, signaling strong market demand for its clean iron product. The round underscores industry validation across the iron and steel value chain, positioning Electra to address the steel sector's carbon emissions, which account for about 7-9% of global CO2. Post-round developments include a $50 million grant from Breakthrough Energy Ventures in October 2025, an $8 million Colorado tax credit in May 2025, and $30 million venture debt from JPMorgan in March 2026 to advance toward commercial scale by 2030.
Oct 2022Series ABreakthrough Energy Ventures (lead); Temasek; Amazon; Baruch Future Ventures; Lowercarbon Capital; BHP Ventures; S2G Investments; Valor Equity Partners; Capricorn Investment Group$85M--
Jun 2021Series A-$28M$1.2BElectra is a Paris-based company founded in 2021 that develops a network of ultra-fast charging stations for electric vehicles, with headquarters in Paris, France, and over 200 employees in the energy category. The company raised $328M in a Series funding round led by PGGM with participation from Bpifrance, achieving a $1.2B valuation. Funds are intended to accelerate product development, expand the team, and scale operations globally. At the time, Electra operated 172 active charging stations and planned to roll out 105 more, targeting 15,000 charging points across 2,200 stations by 2030. Investors also include Eurazeo, RIVE Private Investment, SNCF group via 574 Invest, Serena, EIP, RATP Capital Innovation, CDC’s Banque des Territoires, Ademe Investissement, Eiffel Investment Group, RGreen Invest, Frst, Allianz, Groupe Chopard, and Altarea, many being infrastructure players or public institutions. Electra competes with Ionity in Europe and others like EVPassport in North America, noting the rarity of large equity rounds in this capital-intensive EV charging sector.

Who has invested in Electra?

9 investors have backed Electra across its funding rounds, including Temasek, Capricorn Investment Group, Valor Equity Partners, Amazon, Breakthrough Energy Ventures and Lowercarbon Capital.

Lead investors include Capricorn Investment Group, Temasek and Breakthrough Energy Ventures.


Electra Investors

Investors in Electra by funding rounds participated
InvestorHQRoundsRoleFirst check
TemasekSingaporeSingapore2LeadOct 2022
Capricorn Investment GroupUnited StatesSan Francisco, CA2LeadOct 2022
Breakthrough Energy VenturesFranceParis1LeadOct 2022
AmazonUnited StatesSeattle, WA1ParticipantOct 2022
Baruch Future VenturesUnited StatesSan Francisco, CA1ParticipantOct 2022
Lowercarbon CapitalUnited StatesJackson, MS1ParticipantOct 2022
BHP VenturesAustraliaMelbourne1ParticipantOct 2022

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Electra Competitors

Electra competitors include listed companies like Shoals and Hydrograph Clean Power, and private ones like Clean Planet, Climeworks, Amogy and Fulcrum Bioenergy.

Public and private companies comparable to Electra
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Clean PlanetJapanTokyoPrivate--$1.2B-
ClimeworksSwitzerlandZurichPrivate--$1.1B-
AmogyUnited StatesNew York City, NYPrivate--$700M-
Fulcrum BioenergyUnited StatesSan Francisco, CAPrivate--$603M-
ShoalsUnited StatesUnited StatesPublicly listed$475M$72M$1.3B2.6x
Hydrograph Clean PowerCanadaCanadaPublicly listed$43K($8M)$1.4B-

Electra Public Comps

Electra is still privately-owned, but its public comps include AMG Critical Materials, JSW S.A., BCI Minerals, Naturenergie, Catalyst Metals, Solaris Resources, Advantage Energy, Scope Metals Group, Zimplats Holdings and JoPetrol.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
AMG Critical Materials$1.7B$161M1.0x1.0x10.8x7.2x
JSW S.A.$2.5B($1.4B)0.8x0.7x(1.4x)(13.1x)
BCI Minerals$43M$8M37.9x135.2x209.4x(37.3x)
Naturenergie$1.8B$325M0.7x-3.8x5.0x
Catalyst Metals$257M$98M4.0x2.1x10.4x4.0x
Solaris Resources-($36M)--(32.8x)(35.9x)
Advantage Energy$506M$257M3.6x3.2x7.1x5.6x
Scope Metals Group$683M$89M2.1x-16.2x-

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Common questions about Electra

When was Electra founded?Electra was founded in 2020.
Where is Electra headquartered?Electra is headquartered in Boulder, CO, United States.
Is Electra publicly listed?No, Electra is a private, VC-backed company.
What is Electra's valuation?Electra was last valued at $1.2B in its Series A in June 2021.
How much funding has Electra raised?Electra has raised $299M across 3 funding rounds.
What was Electra's last funding round?Electra's last funding round was a $186M Series B in April 2025, led by Capricorn Investment Group and Temasek.
Who are Electra's investors?Electra's investors include Temasek, Capricorn Investment Group, Breakthrough Energy Ventures, Amazon, Baruch Future Ventures, Lowercarbon Capital, BHP Ventures, S2G Investments and Valor Equity Partners.
Which companies are comparable to Electra?Companies comparable to Electra include Clean Planet, Climeworks, Amogy, Fulcrum Bioenergy, Shoals and Hydrograph Clean Power.

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