Niron Magnetics
Minneapolis
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
- Operating status: Active
- Company type: For Profit
- IPO status: Private
- Employees: 101 – 250
- Estimated revenue: $1K – $10K
- Total funding: $321.6M
- Last round: Grant (Oct 2025)
- Website: nironmagnetics.com
- Phone: [email protected]
Industries & Categories
Automotive, Information Technology, Manufacturing, Product Management
Social Profiles
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