Boulder Colorado based Electrasteel is raising $28,249,982.00 in New Equity Investment.
Boulder, CO – According to filings with the U.S. Securities and Exchange Commission, Electrasteel is raising $28,249,982.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Sandeep Nijhawan played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About Electrasteel
Steel, a trillion-dollar commodity, is the foundational building block of the industrial world that accounts for three Gigatons or 10% carbon dioxide emissions per year. ElectraSteel mission is to electrify and decarbonize iron and steelmaking using intermittent renewable energy. Our investors include leading sustainability-focused global venture capital funds with $300B+ assets under management. We are building a mission-driven, results-oriented company with world-class talent from across the world, headquartered in Boulder, Colorado, USA. Our mission is to electrify and decarbonize steelmaking using renewable energy with zero carbon dioxide emissions while lowering the energy intensity and cost.
To learn more about Electrasteel, visit http://www.electrasteel.com/
Contact:
Sandeep Nijhawan, Chief Executive Officer
303-872-0888
https://www.linkedin.com/in/nijhawan/
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