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Boston Metal

Boston Metal

Boston Metal is a Woburn, Massachusetts-based developer of molten oxide electrolysis technology for steel manufacturing.

Boston Metal is a company that delivers a future where steel production becomes emissions-free. Its Molten Oxide Electrolysis technology offers the metals industry a more efficient, lower cost and greener solution for the production of of metals.

Timeline

February 2021
Boston Metal raises a $6,000,000 corporate funding round from Vale.
January 2021
Boston Metal raises a $50,000,000 series B round from BHP Ventures, Breakthrough Energy Ventures, Devonshire Investors, FMR, OGCI Climate Investments, Piva Capital, Prelude Ventures and The Engine.
January 2019
Boston Metal raises a $20,000,000 series A round from Breakthrough Energy Ventures, Prelude Ventures and The Engine.

Funding rounds

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March 13, 2021
WebWire
The BMW Group is systematically implementing its sustainability goals. As announced today, the company is investing in an innovative method for CO2 -free steel production developed by American startup Boston Metal, through its venture capital fund, BMW i Ventures. Over the coming years, Boston Metal plans to expand the new method for steel production on an industrial scale. The investment is part of the BMW Group's far-reaching sustainability activities aimed at significantly reducing CO2...
Anthony Ha
March 12, 2021
TechCrunch
A prominent Republican senator weighs in on Amazon's labor disputes, Microsoft reports a security vulnerability in Exchange and we examine ByteDance's gaming strategy. This is your Daily Crunch for March 12, 2021. The big story: Marco Rubio sides with Amazon workers Senator Marco Rubio published an op-ed in USA Today declaring his support for workers [...]
Jonathan Shieber
March 12, 2021
TechCrunch
BMW has joined the cohort of investors that are backing Boston Metal's carbon dioxide-free production technology for steel. The Boston-based startup had targeted a $50 million raise earlier in the year, as TechCrunch reported, and BMW's addition closes out that round, according to a person familiar with the company. Looking to decarbonize the metal industry, [...]
Maria Gallucci
February 6, 2021
Wired
In order to curb the industry's prolific carbon emissions, the sector will have to transform how the material is traditionally made.
Maria Gallucci
February 3, 2021
Grist
Several companies are working to make the process of forging the building material cleaner
Jonathan Shieber
January 4, 2021
TechCrunch
Steel production accounts for roughly 8% of the emissions that contribute to global climate change. It is one of the industries that sits at the foundation of the modern economy and is one of the most resistant to decarbonization. As nations around the world race to reduce their environmental footprint and embrace more sustainable methods [...]
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