Niron Magnetics Secures Funding to Accelerate Production of Rare Earth-Free Magnets
Niron Magnetics, the company pioneering the world's first high-performance, rare earth-free permanent magnets, announced it has received $25 million in new strategic funding from Samsung Ventures, Allison Transmission, and Magna. This investment will strengthen Niron's ability to expand its production facilities, scale manufacturing capacity for exclusive customer programs, and accelerate the commercialization of Niron's Clean Earth Magnet technology.
