Niron Magnetics Raises $21.3M to Commercialize Rare-Earth Free Magnets for a More Sustainable Electric Economy
Niron Magnetics , the company developing the worlds first high performance permanent magnets free of rare earths, today announced it has raised $21.3M in new financing.
- Niron Magnetics , the company developing the worlds first high performance permanent magnets free of rare earths, today announced it has raised $21.3M in new financing.
- Instead, Niron utilizes some of the most common elements on earth iron and nitrogen to deliver better performance and lower costs.
- "Volta is excited to be invested in Niron Magnetics as the company introduces their rare-earth-free permanent magnets for use in electric motors.
- Niron participates in a U.S. Department of Energy funded project that aims to develop more cost effective and sustainable drivetrains for electric vehicles.