3 place 3

298 French firm MagREEsource secures €23M to build Europe’s first sustainable permanent magnet factory

Silicon Canals
Vigneshwar Ravichandran @ Silicon Canals 3 place · 07/25/2025 08:13 EDT

French firm MagREEsource secures €23M to build Europe’s first sustainable permanent magnet factory

Noyarey, France-based MagREEsource, a deep-tech industrial company, has secured €23M in its latest funding round. The round was led by Fonds SPI 2, managed by Bpifrance on behalf of the French government under the France 2030 initiative. Other backers include FININDUS (ArcelorMittal and the Flanders Region), INNOVACOM, BNP Paribas Développement, C2AD, Fonds Régional Avenir Industrie ... Read more

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