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.
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
| Date | Name | Website |
| - | Plug and P... | plugandpla... |
| - | SFPIM | sfpim.be |
Funding Rounds 2
| Date | Series | Amount | Investors |
| 25.08.2022 | - | $19.96M | - |
| 19.01.2021 | Series A | $19.74M | - |
Persons 1
| Date | First Name | Last Name | Title | |||
| - | Kester | Goh | Co-Founder | linkedin.c... | - | - |
Mentions in press and media 5
| Date | Title | Description |
| 06.09.2022 | Magnax gathers €20 million in investment funds | - |
| 25.08.2022 | 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... |
| 25.08.2022 | 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... |
| 08.01.2021 | 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... |
| 06.01.2021 | 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... |