Magnax
DeepTech company specializing in yokeless axial flux electric motor technology.
About
Magnax is a Kortrijk-based DeepTech company that develops and commercializes patented yokeless axial flux electric motor technology. This technology offers higher power density, greater range, lighter motors, and more compact sizes compared to traditional radial flux motors. Magnax's technology is applicable in electric vehicles, industrial drives, machinery automation, robotics, and aerospace.
Key facts
At-a-glance profile data
- Headquarters
- Kortrijk, Belgium
- Founded
- 2015
- Employees
- 30
- Total funding
- $36M (Funding Round)
- Business model
- B2B
Funding rounds
| Date | Round | Amount | Lead investors |
|---|---|---|---|
| 1 Apr 2026 | Funding Round | $36M | - |
Frequently asked
What does Magnax do?
The company valorizes its technology through spin-off companies: Traxial for ground e-mobility and Axyal for aerospace propulsion systems. Magnax plans to industrialize its motor portfolio and support high-volume production, with R&D remaining in Belgium and high-volume production in China through a partnership with Foxconn Group.
How much funding has Magnax raised?
Magnax has raised a total of $36M in funding. The most recent round on record is Funding Round.
How many employees does Magnax have?
Magnax has approximately 30 people on record.