GM, Stellantis Invest in Sustainable EV Magnet Startup Niron Magnetics
Sustainable magnet technology company Niron Magnetics announced that it has raised $33 million, with funds by leading automotive manufacturers, GM Ventures and Stellantis Ventures joining the company’s list of investors. Permanent magnets are essential components in systems and devices ranging from automobiles and electric vehicle (EV) drivetrains to renewable energy systems and consumer electronics. Surging […]