Noveon Magnetics, Inc.

About Noveon Magnetics, Inc.

Noveon Magnetics is focused on revolutionizing electrification through the development of next-generation EcoFlux magnets. Their mission is to create superior magnets that drive mobility and high-efficiency, low-carbon energy production while addressing resource pressures, foreign dependency, limited supply, and harmful manufacturing processes.

Products & Services

EcoFlux Magnets:A state-of-the-art magnet technology that offers the highest performance with minimal rare earth elements, using less than 10% of the energy required in traditional mining and manufacturing.

Specialties

Rare Earth Magnet Development Sustainable Manufacturing Processes Decentralized Supply Chain Solutions End-of-Life Recycling

Funding History

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#	Type	Amount Fields	Date Fields	Investors
1	RT: Series C T: - FT: Series C	A: 215000000 MR: - FA: $215 million FAN: 215000000	D: 2026-01-19 FD: 2026-01-19	1 investors

Series C Latest

2026-01-19

$215.0M

1 investor (Pro only)

Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Team & Leadership

S

Scott Dunn

CHIEF EXECUTIVE OFFICER

H

Hugo Haussner

CHIEF OPERATING OFFICER

P

Peter Afiuny

Chief Commercial Officer

N

Navin Bhandarkar

VICE PRESIDENT OF ENGINEERING

A

Alex Bevan

DIRECTOR PRODUCTION ENGINEERING

D

Davide Prosperi

DIRECTOR OF QUALITY

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