Niron Magnetics makes sustainable, high-performance permanent magnets for devices, motors, and generators. It uses Clean Earth Magnet technology to mass-produce magnets from abundant materials by altering the crystal structure of Iron Nitride through nanomaterial engineering and established metallurgical methods. This creates magnets that perform as well as or better than traditional magnets while reducing reliance on rare earth elements and lowering environmental impact, with a focus on stable, cost-effective manufacturing. The company differentiates itself by offering a greener, more affordable alternative to rare earth magnets, aiming to scale magnet production for widespread use in consumer, industrial, and automotive applications.
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$322.6M
Headquarters
Minneapolis, Minnesota
Founded
2014
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