Ecomagnet

ecomagnet.es ↗ ·San Sebastián ·Seed

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

Total funds raised

€1.6M

SectorsDeeptech, Materials Recycling, Rare Earth Magnets, Circular Economy, Advanced Manufacturing Start-up MapDeeptech & Hardware › Advanced materials, photonics & sensors

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Founders

Kenny L. Alvarez, PhD

Co-founder & CEO

Global models 5

Redwood 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

ReElement 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

Noveon 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

Cyclic 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

Vulcan 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