# Kite Magnetics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kite-magnetics-pty

- Industry: Aerospace
- Headquarters: Australia
- Website: www.kitemagnetics.com
- Total disclosed funding: $3.4M
- Latest round: Seed (May 20, 2025)
- Investors on record: 7

## About

Based in Clayton, Australia, and founded in 2021, Kite Magnetics Pty Ltd. formerly known as Kite Metal Pty Ltd. operates as a provider of technology for electric aviation by re-engineering electric motors and generators. In May 2025, Kite Magnetics Pty Ltd. raised USD 2.2 million in seed funding led by new investor SQM Lithium Ventures. Kite Magnetics Pty Ltd. produces electric motors with patented nanocrystalline materials, enabling small to medium-sized aircraft to fly further, carry more and emit less. It has developed Aeroperm, a new nanocrystalline magnetic core material that used core materials. It specializes in electric propulsion, electric motors, electric generators, magnetic materials, climate tech, electric aircraft, drones, aerospace, materials science, general aviation, commercial aviation, transformers, and filtering components. The company will use the May 2025 funding for further research and development.

## Funding rounds

- Seed, May 20, 2025, $2.2M — SQM Lithium Ventures
- Seed, Sep 29, 2022, $1.2M — Investible, Galileo Ventures, Possible Ventures, Boson Ventures, Breakthrough Victoria, Fortasse Pty Ltd

## Investors

- Investible (https://capitalatlas.ai/funds/investible) — Seed
- Galileo Ventures — Seed
- Possible Ventures — Seed
- Boson Ventures (https://capitalatlas.ai/funds/boson-ventures) — Seed
- Breakthrough Victoria — Seed
- Fortasse Pty Ltd — Seed
- SQM Lithium Ventures (https://capitalatlas.ai/funds/sqm-lithium-ventures) — Seed