# Magnax: Electrical/electronic manufacturing, Kortrijk, Belgium

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

Source: https://millionrounds.com/startup/magnax (Millionrounds; every figure on the page links to its filing or article)

Belgium · [Electrical/electronic manufacturing startup](https://millionrounds.com/companies)

# Magnax

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

Funding reported Last round: Undisclosed round

Electrical/electronic manufacturing Kortrijk, Belgium

Company summary

- **Founded:** 2015 11 years old
- **Team:** 27 11 to 50 people
- **Funding reported:** 40.9M as listed, currency not stated
- **Last round:** Undisclosed round Aug 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Magnax has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## 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 all **40.9M** in the source's currency

Rounds **3**

Last round **Undisclosed round**

Last round size **39M**

Last round date **Aug 2022**

Investors listed **5**

## The company, in detail

What they build

Known for

clean energy & technology drive train manufacturing wind environmental services mechanical or industrial engineering electrical/electronic manufacturing electrical motor motor vehicle parts manufacturing electric vehicles renewables & environment b2b clean energy clean technology electrical equipment manufacturing automotive

Built with from their website

Google Tag Manager parallax.js Squarespace ECommerce YouTube Viewport Meta Priority Hints Magento 2 Microsoft Exchange Microsoft 365 Apps & Services Mobile Friendly

+8 more

Magento Open Source Open Graph RSS Squarespace Google Analytics Google Analytics 4 Microsoft Exchange Online HSTS

- **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](https://millionrounds.com/directory/magnax)

## Electrical/electronic manufacturing in Belgium

Startups like it

- [**Nobi** Antwerp · founded 2019](https://millionrounds.com/startup/nobi-3)
- [**Beebop** Antwerp](https://millionrounds.com/startup/beebop)
- [**STROOHM (formerly known as Pluginvest)** Antwerp · founded 2016](https://millionrounds.com/startup/stroohm-formerly-known-as-pluginvest)
- [**Xetal NV** Bonheiden · founded 2013](https://millionrounds.com/startup/xetal-nv)
- [**SENTEA Fiber Optic Sensing** Ghent · founded 2018](https://millionrounds.com/startup/sentea-fiber-optic-sensing)
- [**VOCSens** Ottignies-Louvain-la-Neuve · founded 2019](https://millionrounds.com/startup/vocsens)
- [**Crodeon Technologies** Ghent · founded 2015](https://millionrounds.com/startup/crodeon-technologies)
- [**Get Your Way** Liege · founded 2019](https://millionrounds.com/startup/get-your-way)

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