Niron Magnetics Secures $33M From Leading Automotive Manufacturers To Meet Growing Demand For Rare Earth-Free Magnets
Amount Raised
$33 Million
Round Type
Funding Round
MinneapolisManufacturingInformation TechnologyEnergyInvestors
Description
Niron Magnetics, the company pioneering the world’s first high-performance, rare earth-free permanent magnets, today announced it has raised $33 million in additional funding, with new investments from leading automotive manufacturers, GM Ventures and Stellantis Ventures, and previous local investors, Shakopee Mdewakanton Sioux Community (SMSC) and the University of Minnesota (UMN), amongst other investors. This new financing will allow Niron to expand its current pilot production facilities and scale manufacturing capacity for exclusive customer programs and initial sales of its Clean Earth Magnet®.
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.
- Hyperion Companies raised $450K (Seed) on December 21, 2023.
- Hyperion Companies raised $4.8M (Seed) on December 16, 2023.
- Hadrian raised $86M on December 11, 2023.
- International Battery Metals raised $420K (Seed) on December 8, 2023.
- Charging Robotics raised an undisclosed amount (Funding Round) on November 22, 2023.
- TSUN raised an undisclosed amount (Series B) on November 20, 2023.
Who to call at Niron Magnetics, Inc., and when
A new round usually means Niron Magnetics, Inc. is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Niron Magnetics, Inc. raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Niron Magnetics, Inc., from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Niron Magnetics, Inc.. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment Niron Magnetics, Inc. raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Niron Magnetics, Inc. raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.