Niron Magnetics raises $33M from GM Ventures, Stellantis Ventures and others

Niron Magnetics secured $33 million in additional funding from GM Ventures, Stellantis Ventures, Shakopee Mdewakanton Sioux Community, University of Minnesota, and other investors to expand pilot production and scale manufacturing of rare earth-free Clean Earth Magnets.

“Niron Magnetics today announced it has raised $33 million in additional funding, with new investments from leading automotive manufacturers, GM Ventures and Stellantis Ventures.”nironmagnetics.com

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• nironmagnetics.comNiron Magnetics Secures $33M from Leading Automotive ...Christina FankhanelNov 9, 2023

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