Niron Magnetics, Inc. is a pioneering company with a focus on Clean Earth Magnet technology. Since its establishment in 2014, Niron Magnetics has been committed to developing the world’s first advanced manufacturing process for the mass production of permanent magnets using its breakthrough material formulation. The company's proprietary Clean Earth Magnet™ technology, based on Iron nitride, is set to revolutionize the industry by enabling magnets with inherently higher magnetization and lower production costs compared to today’s rare-earth magnets.
The company operates in industries such as Energy, Information Technology, Manufacturing, and Automotive, positioning itself at the forefront of innovation and sustainability. With its headquarters in the United States, Niron Magnetics has attracted significant attention and investment. The most recent notable investment was a $25.00M Venture Round secured on 20 February 2024.
The impressive lineup of investors participating in this round includes Samsung Ventures, Magna International, University of Minnesota, Shakopee Mdewakanton Sioux Community, and Allison Transmission Holdings. These strategic investments further underscore the confidence in Niron Magnetics' groundbreaking technology and the potential impact it holds for the future of electric motors and generators.
