Magnax
Latest round
- Series A
Last raised
- Jan 2021
Total raised
- $15M
Investors
- 3
About Magnax
Founded in 2015, Magnax BV is based in Kortrijk, Belgium, and focuses on creating advanced electric motor technology.G.Magnax develops core technology centered around yokeless axial flux electric motors, which provide a compact and efficient solution for electric propulsion. This technology is applicable in electric vehicles, aerospace, and industrial machinery, among others.The company generates revenue through strategic B2B partnerships, supplying its advanced electric motor technology to manufacturers and OEMs. Transactions typically involve direct sales agreements or long-term contracts, allowing clients access to the latest advancements in axial flux technology, establishing a reliable revenue stream for Magnax. The company is focused on expanding its offerings, with upcoming products in the pipeline, and intends to enter new markets in Europe and Asia by 2024.
Who invested in Magnax
3 investors across 1 round
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Funding rounds
Series A
Jan 5, 2021
Amount
$15M
Investors
Questions about Magnax
Who invested in Magnax?
Magnax has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Magnax raised?
Magnax has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Magnax last raise money?
Magnax's most recent round on record is a Series A, in Jan 2021.
What does Magnax do?
Founded in 2015, Magnax BV is based in Kortrijk, Belgium, and focuses on creating advanced electric motor technology.
Where is Magnax headquartered?
Magnax is headquartered in Kortrijk, Belgium.
Which VCs invest in companies like Magnax?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Highland Europe back industrial machinery companies at Magnax's stage. Their profiles are linked below.
VCs backing industrial machinery startups at Series A
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