Startups
Our mission is to accelerate the innovation of powertrains by developing yokeless axial flux motor and inverter solutions that excel in power density, efficiency and reliability.
At Magnax, we also have the mission to create one of the best workplaces in the world. A place where people can develop their talents and learn new skills to make a positive contribution to the organisation and the world.
At Magnax, we also have the mission to create one of the best workplaces in the world. A place where people can develop their talents and learn new skills to make a positive contribution to the organisation and the world.
Overview
Location
Belgium, West Flanders, Kortrijk
Employees
11-50
Total raised
$39.7M
Founded date
2015
Founders name
Kester Goh
Founders Related Locations
Belgium
Investors 2
Funding Rounds 2
| Date | Series | Amount | Investors |
| Sign up to see | Sign up to see | Sign up to see | Sign up to see |
| Jan 19, 2021 | Series A round | $19.74M |
Persons 1
| Date | First Name | Last Name | Title | |||
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Mentions in press and media 7
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Sep 6, 2022 | Magnax gathers €20 million in investment funds | |
| Aug 25, 2022 | Belgium-based Magnax gears up with €20 million to develop powerful motors for EVs | Belgium-based company that develops and manufactures electric motors based on axial flux technology, Magnax has raised €20 million in funding to accelerate its product development and expand support for customers and partners. The round was... |
| Aug 25, 2022 | Belgium-based Magnax raises €20M to develop powerful new motors for electric vehicles | Belgium-based Magnax, a company that develops and manufactures electric motors based on axial flux technology, announced on Tuesday that it has raised €20M in a fresh round of funding. The company has now raised a total of €36M to date. Mag... |
| Jan 8, 2021 | Tech startups weekly: Too Good To Go raises €25.3M; recording sports without a cameraman using AI; Mambu raises €110M; and more | As a part of a weekly roundup, here is a list of some of the most important tech startups that have hit the headlines in Europe this week.Glia raises €63.6M New York-based Glia, a provider of digital customer service, has raised $78M (appro... |
| Jan 6, 2021 | Belgian startup Magnax gets €16 million to mass produce powerful new motors for electric vehicles | Belgian automotive startup Magnax has raised €16 million in Series A funding to fuel development of its electric motor technology. The round was led by Hirschvogel Automotive, a large manufacturer of automotive components, through its inves... |
| Magnax | “Magnax develops yokeless axial flux electric motors for eMobility and Aerospace” |
Reviews 0
FAQ about Magnax
When was Magnax founded?
Magnax was founded in 2015.
How much funding has Magnax raised?
Magnax has raised $39.7M in total across 2 funding rounds.
What funding rounds has Magnax raised?
Parsers VC lists 2 funding rounds of Magnax, among them a Series A round of $19.74M on Jan 19, 2021.
Who has invested in Magnax?
Parsers VC lists 2 investors of Magnax, among them SFPIM.
What has the press written about Magnax?
Parsers VC has collected 7 articles mentioning Magnax, among them “Magnax gathers €20 million in investment funds” (Sep 6, 2022) and “Belgium-based Magnax gears up with €20 million to develop powerful motors for EVs” (Aug 25, 2022).
Is Magnax still active?
Yes, Magnax is active; its latest activity on Parsers VC dates from Oct 1, 2026.