Niron Magnetics raises $21.3M to commercialize rare-earth-free iron-nitride magnets

Green Car Congress
By mmillikinJul 30, 2021, 6:00 am291 pts
Niron Magnetics, a company developing high-performance rare-earth-free iron-nitride (FeN) permanent magnets, has raised $21.3 million in new financing. The Volvo Cars Tech Fund and Volta Energy Technologies join existing investors Anzu Partners and the University of Minnesota. Niron will use the funding to…

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