Boulder startup ElectraSteel raises $28.25M as it seeks to electrify steel production
BOULDER — A Boulder startup has raised $28.25 million in an attempt to clean up steel production, which globally accounts for three gigatons of carbon-dioxide emissions per year, or 10% of the worldwide total.
ElectraSteel Inc., formed in July 2020, Wednesday submitted a Form D with the U.S. Securities and Exchange Commission, announcing the equity raise from eight investors, with June 1 the date of first sale. Form Ds are required to be filed by some companies to report exempt offerings of unregistered securities.
Sandeep Nijihawan, founder and CEO, could not be reached for comment, but he recently posted an update on…
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