E
Company · Deeptech & Hardware
Ecomagnet
Ecomagnet is a Spanish deep-tech spin-off from the Ceit research center (Donostia-San Sebastián) that recovers discarded sintered NdFeB (neodymium-iron-boron) magnets and recycles them into anisotropic magnet powder for new magnet manufacturing, cutting rare-earth-extraction pollution by roughly 92%. Founded in 2021, it targets electromobility, wind power, and industrial-motor markets and has raised seed capital and grants from Spanish public and tech-transfer investors.
Founded
2021
Founders
1
News
0
Rounds
0
Investors
3
SectorsDeeptech, Materials Recycling, Rare Earth Magnets, Circular Economy, Advanced Manufacturing
Start-up MapDeeptech & Hardware › Advanced materials, photonics & sensors
Profile updated 29 Jul 2026
Founders
K
Kenny L. Alvarez, PhD
Co-founder & CEO
Global models 5
RRedwood Materials
United States · www.redwoodmaterials.com ↗
Recovers critical raw materials (metals) from discarded batteries and e-waste and remanufactures them into new components, the same recover-and-remanufacture circular model Ecomagnet applies to magnets.
$2.29BComparable
RReElement Technologies
United States · www.reelementtech.com ↗
Separates and refines rare earth and critical minerals, including from recycled feedstock, to rebuild a domestic magnet supply chain, closely paralleling Ecomagnet's rare-earth recovery focus.
$390MComparable
NNoveon Magnetics
United States · noveonmagnetics.com ↗
Manufactures rare earth NdFeB magnets and recycles end-of-life magnets into new ones, a near-identical business model to Ecomagnet.
$290MComparable
CCyclic Materials
Canada · www.cyclicmaterials.earth ↗
Recycles rare earth elements out of discarded magnets and e-waste into reusable magnet feedstock, the closest direct match to Ecomagnet's core process.
$162MComparable
VVulcan Elements
United States · vulcanelements.com ↗
Domestic manufacturer of sintered NdFeB rare earth magnets aiming to decouple magnet supply chains from China, the same product category as Ecomagnet's recycled magnet powder.
$65MComparable
Investors 3
Funding rounds
No announced rounds on record.
News & media
No coverage on record yet.