MINNEAPOLIS–(BUSINESS WIRE)–Niron Magnetics, the company developing the world’s first high performance permanent magnets free of rare earths, today announced it has raised $21.3M in new financing. The Volvo Cars Tech Fund and Volta Energy Technologies join existing investors Anzu Partners and the University of Minnesota. Niron will use the funding to build its pilot production facility in Minnesota and accelerate the development of its Clean Earth Magnet™ technology.

MINNEAPOLIS–(BUSINESS WIRE)–Niron Magnetics, the company manufacturing the world’s first rare-earth free, high performance magnets, today announced the appointment of two new members to its Board of Directors, along with three executive advisors to support the firm’s rapid expansion.

MINNEAPOLIS–(BUSINESS WIRE)–Niron Magnetics, the company that has developed the world’s first advanced manufacturing process for the mass production of high performance, rare-earth free permanent magnets, today announced a partnership with Marquette University and General Motors to develop

DETROIT, MI – Today, in his remarks at General Motors in Detroit, U.S. Secretary of Energy Dan Brouillette announced $139 million in federal funding for 55 projects across the country that will support new and innovative advanced vehicle technologies. Six of these innovative projects will be led by teams in Michigan.