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Niron Magnetics Secures Funding from Samsung Ventures, Allison Transmission and Magna to Accelerate Production of Rare Earth-Free Magnets

Niron Magnetics Secures Funding from Samsung Ventures, Allison Transmission and Magna to Accelerate Production of Rare Earth-Free Magnets
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Magnet Startup Niron Attracts More Big-Name Investors

Months after landing a multimillion-dollar investment from some of the biggest automakers, Niron Magnetics has captured Samsung's attention. ....

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Niron Magnetics Raises $25M in Funding

FinSMEs is the financial news site dedicated to covering venture capital, private equity, and merger and acquisition deals in real time! ....

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Allison Ventures Announces Strategic Investment in Niron Magnetics

Allison Transmission’s venture capital arm invests in the development of sustainable non-rare earth permanent magnets for integration in electric vehicle propulsion motors and renewable energy. ....

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Rising Popularity of Electric Vehicles and Renewables Propels Permanent Magnet Motor Market to New Height

/PRNewswire/ The global permanent magnet motor market size is estimated to be around US$ 49.2 billion in 2024. It is projected to exhibit a CAGR growth of. ....

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