Belgium · Electrical/electronic manufacturing startup

Magnax

Magnax is a Belgian deep-tech company founded in 2015, specializing in yokeless axial flux electric motor technology.

Funding reportedLast round: Undisclosed round

Electrical/electronic manufacturingKortrijk, Belgium

About Magnax

Magnax is a Belgian deep-tech company founded in 2015, specializing in yokeless axial flux electric motor technology.

Headquartered in Kortrijk, Belgium, the company focuses on high-efficiency, high-power-density motor solutions for various industries, including electric vehicles, aerospace, and industrial applications. With a B2B business model, Magnax partners with innovative manufacturers and government entities to drive industrial innovation. The company's flagship product is the yokeless axial flux electric motor, which boasts impressive features such as high power and torque density, an advanced oil cooling system, and a lightweight design that enhances vehicle range. Magnax also offers custom motor design, technology licensing, and engineering support from prototype to mass production. Its subsidiaries, Traxial and Axyal, target ground-based e-mobility and aerospace propulsion systems, respectively. With significant funding and strategic partnerships, Magnax is positioned to lead the transition to sustainable electrification across multiple sectors.

What company datasets say Magnax raised

Funding, as reported

Reported in all40.9Min the source's currency
Rounds3
Last roundUndisclosed round
Last round size39M
Last round dateAug 2022
Investors listed5

The company, in detail

What they build

Known for

clean energy & technologydrive trainmanufacturingwindenvironmental servicesmechanical or industrial engineeringelectrical/electronic manufacturingelectrical motormotor vehicle parts manufacturingelectric vehiclesrenewables & environmentb2bclean energyclean technologyelectrical equipment manufacturingautomotive

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Sector
Electrical/electronic manufacturing
Industry code
NAICS 335312, SIC 3621
Region
Flanders
Revenue
7.9M a year, as listed
Full record
Every detail in the company directory

Electrical/electronic manufacturing in Belgium

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