Niron Magnetics (Strategic)
Funding Details
- Awarder
- SemiNews
- Date Award
- February 20, 2024
- Vertical
- Clean Energy
- Funding URL
- View Funding Page
- Funding Amount:
- $25,000,000
Company Info
- Organizations Involved
- Samsung Ventures, Allison Transmission, Magna, Shakopee Mdewakanton Sioux Community, University of Minnesota, GM Ventures, Stellantis Ventures, Volvo Cars Tech Fund
- Founders
- Jonathan Rowntree
- Company Description
- Niron develops a manufacturing process designed for the large-scale production of permanent magnets.
- Market
- Consumer Electronics, Transportation, Audio Technology
- Location
- Minneapolis, MN, US
- Coinvestors
- Samsung Ventures, Allison Transmission, Magna, Shakopee Mdewakanton Sioux Community, University of Minnesota