# Electra Battery Materials funding: rounds and investors

> Electra Battery Materials has raised $20M across 1 round since 2026. Investors include Government of Canada, Natural Resources Canada and Canada Economic...

Source: https://millionrounds.com/company/electra-battery-materials (Millionrounds; every figure on the page links to its filing or article)

Canada · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Electra Battery Materials*

One round we have observed, with the 3 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Energy

Raised 6 months ago

Funding summary Updated 26 Oct 2026

**$20M** raised across 1 round since 2026, from 1 source

- **Latest round:** Debt, $20M May 2026
- **Investors:** 3

See who backed them

## The rounds

- **May 2026** Debt **$20M** [Government of Canada](https://millionrounds.com/fund/government-of-canada) [Natural Resources Canada](https://millionrounds.com/fund/natural-resources) [Canada Economic Development for Quebec Regions](https://millionrounds.com/fund/canada-economic-development-for-quebec-regions) Source recorded

## Founders and team

From Electra Battery Materials's own website: 1 founder, 9 on the team.

**Trent Mell** Founder, President & CEO

- **Heather Smiles** Vice President External Affairs and Corporate Development
- **Paolo Toscano** Vice President Projects and Engineering
- **Peter Rawlins** Chief Financial Officer
- **Alden Greenhouse** Director
- **David Stetson** Chairman
- **Gerard Hueber** Director
- **Jody Thomas** Director
- **John Pollesel** Lead Director
- **Susan Uthayakumar** Director

## Everyone who backed them

[Government of Canada](https://millionrounds.com/fund/government-of-canada) Government **1** round

[Natural Resources Canada](https://millionrounds.com/fund/natural-resources) Government **1** round

[Canada Economic Development for Quebec Regions](https://millionrounds.com/fund/canada-economic-development-for-quebec-regions) Investment firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=electra-battery-materials).

## Quick answers about Electra Battery Materials

### Who invested in Electra Battery Materials?

Electra Battery Materials's investors include Government of Canada, Natural Resources Canada and Canada Economic Development for Quebec Regions.

### How much has Electra Battery Materials raised?

Electra Battery Materials has raised $20M across 1 round since 2026.

### When did Electra Battery Materials last raise?

Electra Battery Materials's most recent round was a Debt of $20M in May 2026.

### What was Electra Battery Materials's biggest round?

Its most recent round, $20M in May 2026, is also its largest on record.

### Who backed Electra Battery Materials first?

Electra Battery Materials's first round on record, in May 2026, was backed by Government of Canada, Natural Resources Canada and Canada Economic Development for Quebec Regions.

### What stage is Electra Battery Materials at?

Electra Battery Materials's latest named round is a Debt, in May 2026.

### Where is Electra Battery Materials based?

Electra Battery Materials is based in Canada.

## Companies like Electra Battery Materials

In the same sector, and raised in the last eighteen months.

[**Kanin Energy** $100M · Sept 2026](https://millionrounds.com/company/kanin-energy)[**Summit Nanotech** $3.0M · Sept 2026](https://millionrounds.com/company/summit-nanotech)[**General Fusion** $241M · Jul 2026](https://millionrounds.com/company/general-fusion)[**NORAM Electrolysis Systems Inc** $4.0M · Jun 2026](https://millionrounds.com/company/noram-electrolysis-systems-inc)[**Full Circle Lithium** $3.5M · Jun 2026](https://millionrounds.com/company/full-circle-lithium)[**Foremost Clean Energy** $35K · Jun 2026](https://millionrounds.com/company/foremost-clean-energy)

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