Niron Magnetics Raises $21.3M To Commercialize Rare-Earth Free Magnets For A More Sustainable Electric Economy
Amount Raised
$21.3 Million
Round Type
Funding Round
MinneapolisManufacturingInformation TechnologyEnergyDescription
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 MagnetTM technology.
Who else raised in Energy and Manufacturing around the same time
Companies in the same sectors as Niron Magnetics, Inc. that raised within 45 days of this round, from Fundz verified event records.
- FastCAP Systems raised $7.2M on September 2, 2021.
- Patriot Battery Metals Inc. raised $207K (Pre-Seed) on August 27, 2021.
- Energy Vault raised $100M (Series C) on August 25, 2021.
- RAVEN SR raised $20M on August 16, 2021.
- Sicona Battery Technologies raised $3.7M (Seed) on August 12, 2021.
- Data Gumbo raised $7.7M (Series B) on August 4, 2021.
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