ePropelled forms agreement with USA Rare Earth to supply magnets for drones

LACONIA — ePropelled, Inc., a global leader in advanced propulsion and energy management technologies based in the Lakes Region, has signed a joint development agreement with USA Rare Earth, Inc. to develop a strategic supply and purchase relationship providing neodymium magnets for use in ePropelled’s state-of-the-art motors, which are used in a multitude of uncrewed air, land, and sea vehicles — commonly referred to as drones.

“We’re thrilled to partner with USA Rare Earth to secure the rare earth materials essential to our uncrewed vehicle solutions,” said Founder, Chairman and CEO Nick Grewal. “Expanding our supply chain — both in the U.S. and globally — is key to meeting the high expectations of our customers and staying ahead in this fast-moving industry.”

“This agreement is another milestone in our efforts to fill our 2026 pipeline and work through the development and qualification process with customers across industries as we complete the commissioning of our Stillwater manufacturing facility,” said CEO of USA Rare Earth Joshua Ballard. “We are very pleased to partner with such an innovative company as ePropelled, a global leader in magnetics engineering and a proven pioneer in the design and production of electric propulsion solutions. We look forward to working with the ePropelled team to develop a true partnership in providing Made-in-the-USA designated high-quality, high-performance magnets for use in their pioneering and innovative solutions.”

For more information, visit call 603-236-7444, or visit ePropelled.com.