# Electra

> Electra is a Boulder climate-tech manufacturer developing a low-temperature electrochemical process that dissolves a wider range of iron ores, separates useful mineral products, and plates 99% pure iron onto metal sheets. The output is designed for electric arc furnace steelmakers, battery and magnet producers, while the modular process is intended to run flexibly on intermittent clean power.

- **Founded:** 2020
- **Headquarters:** Boulder, United States
- **Founders:** Sandeep Nijhawan (Co-founder and CEO), Quoc Pham (Co-founder and former CTO)
- **Team size:** Approximately 200 employees based on supplied company data; public job listings place the company in the 101-250 range.
- **Products:** High-purity clean iron, Electrochemical iron refining platform, Mineral co-products, Environmental attribute credits
- **Notable:** Solved the initial ore-dissolution bottleneck and developed a two-step low-temperature ironmaking process., Commissioned a Boulder pilot plant in 2024 and produced 99% pure iron plates., Named a 2023 BloombergNEF Pioneer.

## Products & services

- **High-purity clean iron** — 99% pure electrodeposited iron designed as feedstock for electric arc furnace steelmaking and for iron-based batteries and magnets.
- **Electrochemical iron refining platform** — A patented, modular low-temperature hydrometallurgical and electrowinning system that dissolves ore, separates impurities and plates iron onto metal sheets.
- **Mineral co-products** — Recovered mineral products including alumina, silica, manganese and aluminum sulfate for markets such as cement and water treatment, depending on the ore feedstock.
- **Environmental attribute credits** — Verified environmental attributes associated with low-carbon iron production; Meta agreed to buy the first credits linked to the demonstration facility.

## Achievements

- Solved the initial ore-dissolution bottleneck and developed a two-step low-temperature ironmaking process.
- Commissioned a Boulder pilot plant in 2024 and produced 99% pure iron plates.
- Named a 2023 BloombergNEF Pioneer.
- Electra's clean iron process was included among TIME's Best Inventions of 2024.
- Sandeep Nijhawan was named to the TIME100 Climate list in 2024.
- Raised a $186 million Series B in April 2025.
- Secured purchase commitments from Nucor, Toyota Tsusho and INTERFER for demonstration output.
- Unveiled a 130,000-square-foot Colorado demonstration facility designed for up to 500 metric tons per year.
- Named number seven on Fast Company's 2026 list of most innovative manufacturing companies.

## Latest updates

- **2025-04** — Closed a $186 million Series B co-led by Capricorn Investment Group and Temasek.
- **2025-10** — Unveiled a 130,000-square-foot Jefferson County demonstration facility with planned capacity of up to 500 metric tons annually.
- **2025-10** — Announced purchase orders from Nucor, Toyota Tsusho and INTERFER plus an environmental attribute credit agreement with Meta.
- **2026-03** — Secured a $30 million J.P. Morgan venture debt facility.
- **2026-03** — Fast Company ranked Electra seventh among its most innovative manufacturing companies for 2026.
- **2026-04** — Signed a joint development agreement with POSCO and received an undisclosed strategic investment from POSCO Investment.
- **2026-08** — Expanded its public positioning from clean iron toward extracting multiple critical materials, including alumina, silica and manganese, from the same ore.

## Links

- Website: https://www.electra.earth
- LinkedIn: https://www.linkedin.com/company/electra-earth
- YouTube: https://www.youtube.com/watch?v=3DqgwCSYODo

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Profile page: https://yespress.io/electra
Published by YesPress — https://yespress.io
Last updated: 2026-08-21