Niron Magnetics (Series Not provided in the memo)
Funding Details
Awarder
SemiNews
Date Award
June 12, 2024
Vertical
Clean Energy
Funding Amount
$33,000,000
Company Info
Organizations Involved
GM Ventures, Stellantis Ventures, Shakopee Mdewakanton Sioux Community, University of Minnesota
Founders
Jonathan Rowntree
Market
Automotive
Location
Minneapolis, MN, US
Coinvestors
GM Ventures, Stellantis Ventures, Shakopee Mdewakanton Sioux Community, University of Minnesota
Company Description

Niron develops a manufacturing process designed for the large-scale production of permanent magnets.