Niron Magnetics is scaling 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 high magnetization, are free of rare earths and other critical materials, and will enable a revolution in the design of new electric motors and generators.

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Funding Events

Date	Amount	Type	Investors	Valuation
11/08/23	$33,000,000		GM Ventures Shakopee Mdewakanton Sioux Community Stellantis Ventures University of Minnesota	undisclosed
02/20/24	$25,000,000	Strategic	Allison Ventures Magna International Samsung Ventures Shakopee Mdewakanton Sioux Community University of Minnesota	undisclosed