Blastr Green Steel completes partner financing round for ultra-low CO2 steel value chain
Blastr Green Steel (Blastr) has successfully completed a second strategic partner financing round, advancing the development of a European integrated ultra-low CO2 steel value chain with its flagship steel plant in Finland.
The partner financing round included three of Blastr’s founding investors and three new investors based in Finland, all with a common emphasis on sustainable growth. The new investors are: Aurora Infrastructure, Onvest Oy, and Security Trading Oy.
The original investors providing additional capital and increasing their ownership in Blastr are the global steel industry leader Cargill, Finland’s state-owned venture capital and private equity investment company Tesi, and Blastr’s founder Vanir Green Industries.
”Blastr fully aligns with Tesi’s industrial scale-up strategy aimed at promoting economic growth, innovation, and investments. We look forward to providing our long-term support to the project, which will create significant economic activity in Finland by leveraging our rapidly growing local renewable energy industry to offer new competitive solutions for reducing global emissions and driving the clean and green transition,” comments Esa Koponen, Investment Director at Tesi.
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Additional information:
Esa Koponen, Investment Director, Industrial Investments
esa.koponen@tesi.fi
+358 50 577 9166
Tesi (officially Finnish Industry Investment Ltd) is a state-owned, market-driven investment company that invests in venture capital and private equity funds and directly in Finnish startups and growth companies. tesi.fi | X (Twitter) | LinkedIn | Instagram | Bluesky | Threads | Newsletter
