Niron Magnetics Secures $33M from Leading Automotive Manufacturers to Meet Growing Demand for Rare Earth-Free Magnets
New funding from GM Ventures, Stellantis Ventures, Shakopee Mdewakanton Sioux Community, University of Minnesota, and other investors will help accelerate commercialization of Niron’s Clean Earth Magnet® technology MINNEAPOLIS, MN – November 8, 2023 – Niron Magnetics, the company pioneering the world’s first high-performance, rare earth-free permanent magnets, today announced it has raised $33 million in…