ECOMAGNET
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Support Program | ||
€27.5k | Grant | ||
€27.5k | Grant | ||
* | N/A | Spinout | |
* | €700k | Seed | |
N/A | Support Program | ||
* | €860k | Seed | |
Total Funding | $1.8m |
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Recent News about ECOMAGNET
EditEcoMagnet is a Spanish startup that operates in the recycling and manufacturing sector, specifically focusing on the recovery, separation, and classification of sintered NdFeB magnets. NdFeB, or Neodymium Iron Boron, is a type of rare-earth magnet known for its strong magnetic properties. EcoMagnet's unique technology allows it to manufacture recycled NdFeB magnet powder from discarded magnets, contributing to a more sustainable economy and environment.
The company's primary clients are manufacturers of magnets, components, and machinery that require magnets in their production processes. By offering a more cost-effective and environmentally friendly alternative to new magnets, EcoMagnet is poised to revolutionize the industrial sector.
EcoMagnet's business model is based on sustainability and cost reduction. By recycling discarded magnets, the company not only reduces waste but also cuts down on the need for mining new rare-earth elements, which can be environmentally damaging and expensive. This approach allows EcoMagnet to offer its clients a stable, high-performance product at a lower cost, while also operating under a sustainable economic model.
In summary, EcoMagnet is a forward-thinking startup that is reinventing the permanent magnet market with its innovative recycling technology. It serves a wide range of industries, offering a cost-effective and environmentally friendly alternative to traditional magnet manufacturing.
Keywords: Recycling, Manufacturing, NdFeB Magnets, Sustainability, Cost Reduction, Industrial Sector, Magnet Powder, Rare-Earth Elements, Environmental Responsibility, Innovation.