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Niron Magnetics
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Niron Magnetics

https://nironmagnetics.com/
Last activity: 22.10.2025
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Categories: CleanEnergyDeepTechMagnetsManufacturingMaterials
Niron Magnetics is developing 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 higher magnetization and can be produced at a lower cost compared to today’s rare-earth magnets and will enable a revolution in the design of new electric motors and generators.
Mentions
58
Location: United States
Total raised: $139.8M
Founded date: 2015

Investors 3

Funding Rounds 6

DateSeriesAmountInvestors
22.10.2025Grant$10M-
29.02.2024-$25M-
09.11.2023-$33M-
07.09.2023-$33M-
22.11.2022Grant$17.5M-
31.07.2021-$21.3M-

Mentions in press and media 58

DateTitleDescription
22.10.2025Niron Magnetics: $10 Million Minnesota Forward Fund Grant Received To Build Iron Nitride Magnet Manufacturing FacilityNiron Magnetics has received a $10 million grant from the Minnesota Forward Fund to support the construction of its new 190,000-square-foot manufacturing facility in Sartell, Minnesota. The site, known as Plant 1, will become the world’s fi...
26.02.2025Niron Magnetics Appoints Becky Schneider as Chief People Officer to Drive Organizational GrowthMINNEAPOLIS, MN, UNITED STATES, February 26, 2025 /EINPresswire.com/ -- Niron Magnetics, the company pioneering the world’s first high-performance, rare-earth-free permanent magnets made from iron nitride, announced the appointment of Becky...
30.09.2024University Of Minnesota: 25 Startups Launched In 2024, Surpassing Previous RecordThe University of Minnesota has launched 25 startup companies in fiscal 2024, surpassing its previous record for the fourth year in a row. This announcement coincided with the launch of a new initiative to scale up the University’s commerci...
15.03.2024Worried About Getting Electrocuted by an EV? Here’s What the Experts Have to SayJace Dela Cruz, Tech Times 15 March 2024, 09:03 am As electric vehicles (EVs) become increasingly prevalent on roads, questions arise about their safety, particularly concerning the risk of electrocution. Recently, a tragic incident involvi...
07.03.2024Learn how Developments in Sustainable Materials are Revolutionizing how Magnets are MadeNiron Magnetics PR Advancements will highlight innovations in environmentally-sound, high-powered magnetic materials. JUPITER, Fla., March 7, 2024 /PRNewswire-PRWeb/ -- An upcoming segment of Advancements with Ted Danson will explore how gr...
29.02.2024Light Ray Ventures Invests in Niron Magnetics' $25 Million Funding RoundLight Ray Ventures has participatedin a $25 million strategic funding round for Niron Magnetics. This investment,led by Samsung Ventures and including Allison Transmission and Magna, underscores astrong commitment to advancing rare earth-fr...
23.02.2024Niron Magnetics Revolutionizes Magnet IndustryNiron Magnetics, a Minneapolis-based company, secures $25 million in funding to scale production of rare earth-free permanent magnets. Led by Samsung Ventures, Allison Ventures, Magna, Shakopee Mdewakanton Sioux Community, and University of...
20.02.2024Niron Magnetics Receives $25M MINNEAPOLIS, MN, Niron Magnetics, the company pioneering the world's first high-performance, rare earth-free permanent magnets, today announced it has received $25 million in new strategic funding. >> Click here for more funding da...
20.02.2024Niron Magnetics Raises $25M in FundingNiron Magnetics, a Minneapolis, MN-based provider of rare earth-free permanent magnets, raised $25M in funding. The round was led by Samsung Ventures with participation from Allison Ventures, Magna, Shakopee Mdewakanton Sioux Community and ...
29.01.2024The search for cleaner magnets for climate techInvestors and governments are backing cleaner permanent magnets, the behind-the-scenes workhorses of the energy transition. Why it matters: Magnets, made of rare earth metals, power everything from electric vehicle drive trains to wind turb...
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