Niron Magnetics
Highly Engaged Employees
Highly Engaged EmployeesIndustrial Machinery & Equipment · Minnesota, United States · 51-200 Employees
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Overview
Headquarters
650 Taft St NE Ste 400, Minneapolis, Min...Phone Number
(612) 876-3450Website
www.nironmagnetics.comRevenue
$16.3 MillionIndustry
ZI Rank: 1
Signal Type
Dec
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ZI Rank
5
6
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About Niron Magnetics
Niron Magnetics is developing the world's first advanced manufacturing process for the mass production of permanent magnets powered by its breakthrough material formulation. Niron's proprietary Clean Earth Magnet technology based on Iron nitride enables magnets that possess inherently higher magnetization and can be produced at a lower cost compared to today's rare-earth magnets and will enable a revolution in the design of new electric motors and generators. Niron participates in a U.S. Department of Energy funded project that aims to develop more cost effective and sustainable drivetrains for electric vehicles.Explore more
Niron Magnetics Org Chart
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Number of Employees
Type
Funding
Founded In
Company Profile Activity
Activity Insights
Niron Magnetics is experiencing very low activity levels compared to other companies in the Manufacturing sector.
What does this means?
Niron Magnetics is drawing exceptional interest within the Manufacturing industry, suggesting notable developments or strong market momentum, learn more about Niron Magnetics.
Niron Magnetics financials insights
Gather financial insights about Niron Magnetics, including details on funding rounds, investors, total funding, and acquisitions, to gain a comprehensive understanding of their financial strategy.
2020
Debt
$150K
2021
Unspecified
$21.3M
2023
Other Financing Round
$33M
2024
Other Financing Round
$25M
2026
Grant
$400K
Niron Magnetics Tech Stack
A closer look at the technologies used by Niron Magnetics
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Most Recent Scoops
Funding
Funding
Person-Based
New Hire
Executive Move
Michael Brommer has recently joined the organization as Chief Operations Officer. Previously, Brommer served as Chief Operating Officer for SEPAC.
Executive Moves, New Hire
Hiring Plans
Niron Magnetics has more open roles in Sales than it has had at any time in the past 12 months.
Hiring Plans
Person-Based
Facilities Relocation/Expansion, Manufacturing Operations
Niron Magnetics News & Media
Niron Magnetics begins site selection for $1.8B magnetics plant
The proposed project will be the rare-earth-free magnet maker’s second manufacturing facility in the U.S.MATTER and Niron Magnetics Unveil Next Generation Rare-Earth-Free Variable Flux Motor
MINNEAPOLIS, Jan. 7, 2026 /PRNewswire/ -- Niron Magnetics, a leading manufacturer of high-performance, rare-earth-free permanent magnets, today announced a collaboration with MATTER, India's next-generation electric mobility technology company. Through this collaboration, MATTER will...Niron Magnetics and Bimotal Join Forces to Power the Future of Motion
MINNEAPOLIS, Jan. 6, 2026 /PRNewswire/ -- Niron Magnetics, a leading manufacturer of high-performance rare-earth-free Iron Nitride permanent magnets, and Bimotal, a leader in ultra-compact, high-torque motor systems, are collaborating to develop next-generation electric motor designs for...Niron Magnetics wins $10 million DEED grant for Sartell operation - St. Cloud Times
The $10 million grant will support Niron Magnetics' construction on its Sartell plant, which is starting this fall.
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Frequently Asked Questions Regarding Niron Magnetics
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Niron Magnetics is developing the world's first advanced manufacturing process for the mass production of permanent magnets powered by its breakthrough material formulation. Niron's proprietary Clean Earth Magnet technology based on Iron nitride enables magnets that possess inherently higher magnetization and can be produced at a lower cost compare... Read More
