Niron Magnetics
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Niron Magnetics

https://nironmagnetics.com/
Last activity: 26.02.2025
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Categories: DesignManufacturingMaterialsProductionTechnology
Niron Magnetics is developing the world’s first advanced manufacturing process for the mass production of permanent magnets powered by its breakthrough material formulation. Niron’s proprietary Clean Earth Magnet™ technology based on Iron nitride enables magnets that possess inherently higher magnetization and can be produced at a lower cost compared to today’s rare-earth magnets and will enable a revolution in the design of new electric motors and generators.
Mentions
55
Location: United Kingdom, England, Thetford
Total raised: $129.8M
Founded date: 2015

Investors 2

Funding Rounds 5

DateSeriesAmountInvestors
20.02.2024-$25M-
09.11.2023-$33M-
07.09.2023-$33M-
22.11.2022Grant$17.5M-
29.07.2021-$21.3M-

Mentions in press and media 55

DateTitleDescription
26.02.2025Niron Magnetics Appoints Becky Schneider as Chief People Officer to Drive Organizational GrowthMINNEAPOLIS, MN, UNITED STATES, February 26, 2025 /EINPresswire.com/ -- Niron Magnetics, the company pioneering the world’s first high-performance, rare-earth-free permanent magnets made from iron nitride, announced the appointment of Becky...
30.09.2024University Of Minnesota: 25 Startups Launched In 2024, Surpassing Previous RecordThe University of Minnesota has launched 25 startup companies in fiscal 2024, surpassing its previous record for the fourth year in a row. This announcement coincided with the launch of a new initiative to scale up the University’s commerci...
15.03.2024Worried About Getting Electrocuted by an EV? Here’s What the Experts Have to SayJace Dela Cruz, Tech Times 15 March 2024, 09:03 am As electric vehicles (EVs) become increasingly prevalent on roads, questions arise about their safety, particularly concerning the risk of electrocution. Recently, a tragic incident involvi...
07.03.2024Learn how Developments in Sustainable Materials are Revolutionizing how Magnets are MadeNiron Magnetics PR Advancements will highlight innovations in environmentally-sound, high-powered magnetic materials. JUPITER, Fla., March 7, 2024 /PRNewswire-PRWeb/ -- An upcoming segment of Advancements with Ted Danson will explore how gr...
23.02.2024Niron Magnetics Revolutionizes Magnet IndustryNiron Magnetics, a Minneapolis-based company, secures $25 million in funding to scale production of rare earth-free permanent magnets. Led by Samsung Ventures, Allison Ventures, Magna, Shakopee Mdewakanton Sioux Community, and University of...
20.02.2024Niron Magnetics Raises $25M in FundingNiron Magnetics, a Minneapolis, MN-based provider of rare earth-free permanent magnets, raised $25M in funding. The round was led by Samsung Ventures with participation from Allison Ventures, Magna, Shakopee Mdewakanton Sioux Community and ...
20.02.2024Niron Magnetics Receives $25M MINNEAPOLIS, MN, Niron Magnetics, the company pioneering the world's first high-performance, rare earth-free permanent magnets, today announced it has received $25 million in new strategic funding. >> Click here for more funding da...
29.01.2024The search for cleaner magnets for climate techInvestors and governments are backing cleaner permanent magnets, the behind-the-scenes workhorses of the energy transition. Why it matters: Magnets, made of rare earth metals, power everything from electric vehicle drive trains to wind turb...
09.11.2023USA-based Niron Magnetics raises USD 33 million in fundingMinneapolis, USA-based company pioneering the world’s first high-performance, rare earth-free permanent magnets, Niron Magnetics, raised USD 33 million in additional funding. The round took place on November 7, 2023. Leading automotive manu...
08.11.2023Niron Magnetics Lands $33M Investment MINNEAPOLIS, MN, Niron Magnetics lands $33M Investment led by GM Ventures and Stellantis Ventures. >> Click here for more funding data on Niron Magnetics >> To export Niron Magnetics funding data to PDF and Excel, click here...
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