Niron Magnetics
Niron Magnetics specializes in producing high-performance, rare-earth-free permanent magnets utilizing Iron Nitride technology.
About Niron Magnetics
Niron Magnetics designs and manufactures permanent magnet materials using an iron-nitride (FeΓéüΓéåNΓéé) chemistry that does not require rare earth elements. The company supplies these magnets for applications in industrial motors and generators, audio systems, automotive traction and auxiliary motors, sensors, and defense actuators. Their manufacturing approach emphasizes raw materials that are abundant and domestically sourced, enabling a supply chain alternative for magnet-intensive devices. They also offer engineering support, including testing and application optimisation, alongside their magnet products. Through their proprietary process, they deliver magnets that operate across a range of temperatures and performance levels suitable for next-generation equipment.
Company Facts
- Headquarters
- Minneapolis
- Operating Status
- active
- Company Type
- for_profit
- IPO Status
- private
- Employees
- c_00101_00250
- Total Funding
- $321,599,999
- Last Funding Type
- grant
- Last Funding Date
- 2025-10-20
- Website
- nironmagnetics.com
Industries & Categories
Automotive, Information Technology, Manufacturing, Product Management
Social Links
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