TLDR:
- Metal technology company Boston Metal has raised $20 million in funding from Marunouchi Innovation Partners, bringing its Series C2 funding round to $282 million.
- Boston Metal is commercializing Molten Oxide Electrolysis (MOE), an electricity-powered metals production platform that enables decarbonized steelmaking and the extraction of high-value metals.
Boston Metal has secured a $20m investment from Marunouchi Innovation Partners, taking its overall Series C2 funding round to $282m. The money will enable the start-up to speed up its platform for green steel and metals production. Boston Metal’s Molten Oxide Electrolysis (MOE) technology can convert iron ore grades into steel using renewable electricity, creating zero CO2 emissions in the process. The company is looking to commercialize its green steel technology by 2026, and expects to start generating revenue from its high-value metals business in 2024.
