# Electra funding: rounds and investors

> Electra has raised $1.1B across 5 rounds since 2022. Investors include Eurazeo, Bpifrance and Serena. Every round with its source.

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

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

# Who invested in *Electra*

5 rounds we have observed, with the 34 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Automotive & EVs Chemicals & Materials Climate Tech Construction

Raised 8 months ago

Funding summary Updated 26 Oct 2026

**$1.1B** raised across 5 rounds since 2022, from 6 sources

**$167M** Round **$331M** Growth **$257M** Series A **$333M** Debt **$30M** Debt

- **Latest round:** Debt, $30M Mar 2026
- **Biggest round:** $333M Debt · Jul 2025
- **Investors:** 34 (3 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2023 2024 2025 2026

**$167M** Round

**$331M** Growth

**$257M** Series A

**$333M** Debt

**$30M** Debt

- **First round:** Round, $167M
- **Biggest round:** $333M
- **Usual gap between rounds:** 12 months

## The rounds

- **Mar 2026** Debt **$30M** *5 new* [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [Temasek Holdings](https://millionrounds.com/fund/temasek) [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) [Lowercarbon Capital](https://millionrounds.com/fund/lowercarbon-capital) [S2G Investments](https://millionrounds.com/fund/s2g-investments) Source recorded
- **Jul 2025** Debt **$333M** *3 new* *1 returning* [Bpifrance](https://millionrounds.com/fund/bpifrance) [MUFG Bank](https://millionrounds.com/fund/mufg-bank) [Societe Generale](https://millionrounds.com/fund/societe-generale-2) [ING Group](https://millionrounds.com/fund/ing-group) Source recorded
- **Jan 2025** Series A **$257M** *10 new* [Main Sequence Ventures](https://millionrounds.com/fund/main-sequence) Lead [In-Q-Tel](https://millionrounds.com/fund/iqt) [IP Group](https://millionrounds.com/fund/ip-group) [Chevron Technology Ventures](https://millionrounds.com/fund/chevron-technology-ventures) [Hostplus](https://millionrounds.com/fund/hostplus) [Breakthrough Victoria](https://millionrounds.com/fund/breakthrough-victoria) [Rio Tinto](https://millionrounds.com/fund/rio-tinto) [Fathom Fund Vista Energy](https://millionrounds.com/fund/fathom-fund-vista-energy) [Marathon Petroleum](https://millionrounds.com/fund/marathon-petroleum) [Monash Uni](https://millionrounds.com/fund/monash-uni) Reported by TechCrunch and 1 other SEC filing: $180M sold, first sale Dec 2024
- **Jan 2024** Growth **$331M** *9 new* *5 returning* [PGGM Investments](https://millionrounds.com/fund/pggm-investments) Lead [Bpifrance](https://millionrounds.com/fund/bpifrance) [Eurazeo](https://millionrounds.com/fund/eurazeo) [Serena](https://millionrounds.com/fund/serena) [Banque des Territoires](https://millionrounds.com/fund/banque-des-territoires) [Frst](https://millionrounds.com/fund/frst) [RIVE Private Investment](https://millionrounds.com/fund/rive-private-investment) [RGREEN INVEST](https://millionrounds.com/fund/rgreen-invest) [Eiffel Investment](https://millionrounds.com/fund/eiffel-investment) [Groupe Chopard](https://millionrounds.com/fund/groupe-chopard) [Ademe](https://millionrounds.com/fund/ademe) [EIP](https://millionrounds.com/fund/eip) [RATP Capital Innovation](https://millionrounds.com/fund/ratp-capital-innovation) [SNCF via 574 Invest](https://millionrounds.com/fund/sncf-via-574-invest) Reported by RIVE Private Investment
- **Jul 2022** Round **$167M** *7 new* [Eurazeo](https://millionrounds.com/fund/eurazeo) Lead [Serena](https://millionrounds.com/fund/serena) [RIVE Private Investment](https://millionrounds.com/fund/rive-private-investment) [RGREEN INVEST](https://millionrounds.com/fund/rgreen-invest) [Groupe Chopard](https://millionrounds.com/fund/groupe-chopard) [Groupe SNCF (574 Invest)](https://millionrounds.com/fund/groupe-sncf-574-invest) [RATP Group](https://millionrounds.com/fund/ratp-group) Reported by RIVE Private Investment

## Founders and team

From Electra's own website: 1 founder, 6 on the team.

**Sandeep Nijhawan** Co-founder & Chief Executive Officer

- **Ben Ruben** Vice President of Projects
- **Kevin Galloway** Vice President of Product
- **James Rutland** Chief Financial Officer
- **Jamie Wolfe** Chief of Staff
- **Karen Robertson** Chief Human Resources Officer
- **Keith Shuttlesworth** Chief Commercial Officer

Advisers *Simon Wandke*

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Round** 2022 **Growth** 2024 **Series A** 2025 **Debt** 2025 **Debt** 2026 [Eurazeo](https://millionrounds.com/fund/eurazeo) L [Bpifrance](https://millionrounds.com/fund/bpifrance) [Serena](https://millionrounds.com/fund/serena) [RIVE Private Investment](https://millionrounds.com/fund/rive-private-investment) [RGREEN INVEST](https://millionrounds.com/fund/rgreen-invest) [Groupe Chopard](https://millionrounds.com/fund/groupe-chopard) [Main Sequence Ventures](https://millionrounds.com/fund/main-sequence) L [PGGM Investments](https://millionrounds.com/fund/pggm-investments) L [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [Temasek Holdings](https://millionrounds.com/fund/temasek)

## Everyone who backed them

[Eurazeo](https://millionrounds.com/fund/eurazeo) Private equity **2** rounds, led 1

[Bpifrance](https://millionrounds.com/fund/bpifrance) Government **2** rounds

[Serena](https://millionrounds.com/fund/serena) VC firm **2** rounds

[RIVE Private Investment](https://millionrounds.com/fund/rive-private-investment) Private equity **2** rounds

[RGREEN INVEST](https://millionrounds.com/fund/rgreen-invest) Growth equity **2** rounds

[Groupe Chopard](https://millionrounds.com/fund/groupe-chopard) Growth equity **2** rounds

[Main Sequence Ventures](https://millionrounds.com/fund/main-sequence) VC firm **1** round, led 1

[PGGM Investments](https://millionrounds.com/fund/pggm-investments) Government **1** round, led 1

[National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) Government **1** round

[Temasek Holdings](https://millionrounds.com/fund/temasek) VC firm **1** round

[In-Q-Tel](https://millionrounds.com/fund/iqt) Accelerator **1** round

[Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) VC firm **1** round

[IP Group](https://millionrounds.com/fund/ip-group) VC firm **1** round

[Lowercarbon Capital](https://millionrounds.com/fund/lowercarbon-capital) VC firm **1** round

[MUFG Bank](https://millionrounds.com/fund/mufg-bank) Investment firm **1** round

[Chevron Technology Ventures](https://millionrounds.com/fund/chevron-technology-ventures) Corporate VC **1** round

[S2G Investments](https://millionrounds.com/fund/s2g-investments) Growth equity **1** round

[Societe Generale](https://millionrounds.com/fund/societe-generale-2) Corporate VC **1** round

[Banque des Territoires](https://millionrounds.com/fund/banque-des-territoires) VC firm **1** round

[ING Group](https://millionrounds.com/fund/ing-group) Growth equity **1** round

[Frst](https://millionrounds.com/fund/frst) VC firm **1** round

[Hostplus](https://millionrounds.com/fund/hostplus) Private equity **1** round

[Breakthrough Victoria](https://millionrounds.com/fund/breakthrough-victoria) VC firm **1** round

[Rio Tinto](https://millionrounds.com/fund/rio-tinto) Corporate VC **1** round

[Eiffel Investment](https://millionrounds.com/fund/eiffel-investment) Private equity **1** round

[Ademe](https://millionrounds.com/fund/ademe) VC firm **1** round

[EIP](https://millionrounds.com/fund/eip) Growth equity **1** round

[Fathom Fund Vista Energy](https://millionrounds.com/fund/fathom-fund-vista-energy) VC firm **1** round

[Groupe SNCF (574 Invest)](https://millionrounds.com/fund/groupe-sncf-574-invest) Investment firm **1** round

[Marathon Petroleum](https://millionrounds.com/fund/marathon-petroleum) VC firm **1** round

[Monash Uni](https://millionrounds.com/fund/monash-uni) VC firm **1** round

[RATP Capital Innovation](https://millionrounds.com/fund/ratp-capital-innovation) VC firm **1** round

[RATP Group](https://millionrounds.com/fund/ratp-group) Corporate VC **1** round

[SNCF via 574 Invest](https://millionrounds.com/fund/sncf-via-574-invest) Growth equity **1** round

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

## Also claim to have backed them

These 2 firms list Electra as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Collaborative Fund](https://millionrounds.com/fund/collaborative-fund) VC firm Per its own site

[Baruch Future Ventures](https://millionrounds.com/fund/baruch-future-ventures) VC firm Per its own site

## Quick answers about Electra

### Who invested in Electra?

Electra's investors include Eurazeo, Bpifrance, Serena, RIVE Private Investment and RGREEN INVEST, and 29 more on record.

### How much has Electra raised?

Electra has raised $1.1B across 5 rounds since 2022.

### When did Electra last raise?

Electra's most recent round was a Debt of $30M in Mar 2026.

### What was Electra's biggest round?

Electra's largest round on record is $333M (Debt), in Jul 2025.

### Who backed Electra first?

Electra's first round on record, in Jul 2022, was backed by Eurazeo, Serena and RIVE Private Investment and 4 others.

### What stage is Electra at?

Electra's latest named round is a Debt, in Mar 2026.

### Where is Electra based?

Electra is based in the United States.

### Who led Electra's rounds?

Eurazeo led the Undisclosed round in 2022; PGGM Investments led the Growth in 2024; Main Sequence Ventures led the Series A in 2025.

## Companies like Electra

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