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Boston Metal Expands Series B to Deliver Emissions-free Steel
February 9, 2021 GMT
BOSTON--(BUSINESS WIRE)--Feb 9, 2021--
Boston Metal, the company delivering a future where steel production is emissions-free, today announced that Vale and Energy Impact Partners have joined its Series B fundraising, closely following a $50M close announced in January.
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“Boston Metal’s mission is to deliver emissions-free steel at global scale,” said Tadeu Carneiro, Chairman and CEO of Boston Metal. “Iron ore and clean electricity are the primary inputs into the MOE process and will heavily influence the design of our technology and our strategy. We are thrilled to add Vale and BHP, two of the largest iron ore companies, and Energy Impact Partners, a leading energy transition investor, to our world-class syndicate of investors and partners.”