COMPANY INFO
There are two companies named Electra with distinct profiles. One is ElectraSteel, Inc., founded in 2020 by Sandeep Nijhawan and Quoc Pham, headquartered in Boulder, Colorado, with about 144 employees. It operates in the primary metal manufacturing industry, focusing on decarbonizing iron and steelmaking using lower grade ores and intermittent renewable energy. The other Electra was founded in 2015, is headquartered in Boston, Massachusetts, has about 50 employees, and operates in the business/productivity software industry. This Electra develops analytics software for energy storage design, control, and analytics services for the mobility sector, using AI and adaptive algorithms to optimize electric vehicle energy storage systems.
Electra Ltd is a pioneering company in the business/productivity software industry, founded in 1982. With approximately 13,500 employees, Electra Ltd provides advanced analytics software and innovative solutions for energy storage design, control, and analytics, particularly for the mobility sector. The company uses AI and adaptive algorithms to optimize electric vehicle energy storage systems. Headquartered at 5 Columbus Circle, New York, NY, United States, Electra Ltd maintains a network of offices globally, supporting its commitment to advancing clean, efficient energy solutions.
Electra Ltd has established a strong reputation in the clean iron and steel technology sector with its mission to decarbonize iron and steelmaking. The company has successfully executed a multi-stage funding strategy, culminating in a total of $214 million raised across three major funding rounds. With early-stage backing for clean iron production technology, followed by substantial investments to scale innovation and build out commercial demonstration facilities, Electra Ltd has attracted prominent investors and venture capital. The company’s ambitious goal to deploy commercial-scale solutions is backed by leading institutions and forms a key part of its growth and commercialization roadmap.
This latest Series B round was raised to support the construction of a demonstration plant in Colorado and to advance commercial-scale clean iron production. The capital will accelerate Electra Ltd's ability to bring its decarbonization technology to large-scale industry applications.
The Series A round provided funding for advancing product development and scaling Electra Ltd’s proprietary technology. Resources from this round were dedicated to refining processes and growing the company's technical team to deliver on commercial commitments.
Seed funding enabled the company’s initial launch and early technological development, specifically focusing on clean iron production solutions and laying the groundwork for future scaling.
PGGM is a Dutch pension fund service provider with a focus on sustainable investments. As a key investor in Electra Ltd, PGGM brings a strategic perspective on environmentally driven industrial transformation.
Bpifrance is the French government investment bank, playing a central role in promoting innovation and growth among high-potential companies. Its investment in Electra Ltd supports the company’s clean energy mission and commercial deployment.
Eurazeo is a leading global investment firm, and as one of Electra Ltd's early investors, it participated in the seed round to launch and support early technology development.
A major investor in the Series A round, RGREEN INVEST specializes in financing the energy transition and sustainable infrastructure, providing both capital and sector expertise.
Serena is a venture capital firm known for supporting technology-driven startups in their acceleration phases. Its involvement with Electra Ltd began at the seed stage, helping lay the foundation for growth.
Frst Capital is an early-stage VC focused on bold technology projects. Their participation in the seed round gave Electra Ltd early momentum and validation.
Websets is a powerful natural language search and data enrichment tool that helps you discover comprehensive funding information for any company. Whether you're researching Electra Ltd funding rounds or exploring investment data for other companies, Websets provides detailed insights into funding history, investors, and financial milestones.
With Websets, you can access detailed funding profiles, investor information, and financial data through intuitive natural language queries. Sign up now to enhance your funding research capabilities.