April 25, 2025

Clean-iron firm Electra raises $186M to scale up production

Electrasteel Inc., a developer of a more-sustainable iron and steel production process that does business as Electra, recently closed a $186 million Series B fundraising round, money that it plans to use to build a new plant and scale up production.

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A Maryland native, Lucas has worked at news agencies from Wyoming to South Carolina before putting roots down in Colorado.
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