Electra: Funding, Investors & Team (Oct 2026)
Electra is dedicated to creating environmentally friendly iron through new electrification and decarbonization techniques in the steel industry. The company uses renewable energy to lessen the carbon footprint of traditional iron making. Electra runs a test facility to show how its technology can efficiently convert impure ores into iron. Furthermore, Electra works with partners to improve resource efficiency and sustainability in the steel industry. The company's goal is to help create a greener and more sustainable future in metal production.
Electra has raised $531M across 5 funding rounds on record, the most recent an undisclosed round of $30.0M announced in Mar 2026.
That round is above the $15M median round size for Energy companies tracked on FundedIQ over the last two years.
Electra Company Profile and Key Stats
Latest funding round on record: Mar 2026.
Electra Funding Rounds
Electra raised $85.0M in an undisclosed round announced in Oct 2022.
2.3 years later, an undisclosed round of $180M was announced in Jan 2025.
3 months later, a Series B of $186M was announced in Apr 2025.
6 months later, an undisclosed round of $50.0M was announced in Oct 2025.
5 months later, an undisclosed round of $30.0M was announced in Mar 2026.
Electra Founders and Leadership Team
Contact details for the Electra team: 1 has a LinkedIn profile.
Start 14-day free trial →Electra Funding Compared to Other Energy Startups
Electra's latest round of $30.0M is above the median round in Energy. Medians cover the last 24 months of disclosed rounds.
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Electra Funding FAQs
What does Electra do?
Electra is dedicated to creating environmentally friendly iron through new electrification and decarbonization techniques in the steel industry. The company uses renewable energy to lessen the carbon footprint of traditional iron making. Electra runs a test facility to show how its technology can efficiently convert impure ores into iron. Furthermore, Electra works with partners to improve resource efficiency and sustainability in the steel industry. The company's goal is to help create a greener and more sustainable future in metal production.
How much funding has Electra raised?
Electra has raised $531M across 5 rounds on record. The most recent is an undisclosed round of $30.0M announced in Mar 2026.
When did Electra last raise funding?
Electra's most recent funding round on record is an undisclosed round of $30.0M, announced in Mar 2026.
Who founded Electra?
FundedIQ lists Marc Allen (Founder), Sandeep Nijhawan (Founder) at Electra.
Where is Electra headquartered?
Electra is based in Boulder, Colorado, United States.
How many employees does Electra have?
Electra is in the 101-250 employee band.
How does Electra's funding compare to other Energy startups?
Electra's latest round of $30.0M is above the $15M median round size for Energy companies on FundedIQ across 2,284 tracked companies over the last two years.
About FundedIQ's Electra Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Electra is left off this page rather than filled in.
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