On January 3, 2025, ElectraSteel, Inc. closed the transaction. The company has now received $5,576,081 in its second and final tranche, bringing the total funding raised to $186,000,000 in the transaction. The transaction was co-led by new investor, Technology Impact Fund, LP, a fund managed by Capricorn Investment Group LLC and returning investor, Temasek Holdings (Private) Limited, and also included participation from returning investors, Breakthrough Energy Ventures, LLC, Lowercarbon Capital LLC, S2G Investments, LLC, BHP Ventures, Nucor Corporation, new investors, Builders Vision, Collaborative Fund, Earth Venture Capital, Yamato Kogyo Co., Ltd., Scholz Edelstahl Gmbh, Toyota Tsusho Corporation, Rio Tinto Group and Roy Hill Holdings Pty Ltd. The company received $180,423,919 from 17 investors pursuant to exemption provided under Regulation D.