Niron Magnetics raises $21.3M to commercialize rare-earth-free iron-nitride magnets
Green Car Congress
JULY 30, 2021
The Volvo Cars Tech Fund and Volta Energy Technologies join existing investors Anzu Partners and the University of Minnesota. Niron’s Clean Earth Magnet technology eliminates the need for rare earth content in magnets and uses iron and nitrogen instead to deliver better performance and lower costs. million in new financing. Background.
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