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 says that its technology delivers magnets that are less expensive, more sustainable, globally available, and made from abundant input materials not subject to supply constraints or price instability.
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