Niron Magnetics raises $21.3M to commercialize rare-earth-free iron-nitride magnets
Green Car Congress
JULY 30, 2021
million in new financing. The Volvo Cars Tech Fund and Volta Energy Technologies join existing investors Anzu Partners and the University of Minnesota. As part of ARPA-E’s REACT program, the University of Minnesota (UMN) developed an early stage prototype of an iron-nitride permanent magnet material. Background.
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