# Magnax

**Source:** https://www.startuphub.ai/startups/magnax
**Profile type:** Startup

> 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. 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.

## Key facts

- **Slug:** magnax
- **Location:** Kortrijk, Belgium
- **Founded:** 2015-01-01 00:00:00
- **Employees:** 30
- **Operating status:** Active
- **Total funding:** $36M
- **Sectors / tags:** Electric Vehicles, Industrial Automation, Robotics, Aerospace, Deep Tech, Manufacturing

## Frequently asked

### What does Magnax do?

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. The company valorizes its technology through spin-off companies: Traxial for ground e-mobility and Axy…

### How much funding has Magnax raised?

Magnax has raised a total of $36M in funding. The most recent round on record is Funding Round.

### Where is Magnax headquartered?

Magnax is headquartered in Kortrijk, Belgium.

### When was Magnax founded?

Magnax was founded in 2015.

### What industry does Magnax operate in?

Magnax operates in Electric Vehicles, Industrial Automation, Robotics, Aerospace, Deep Tech, Manufacturing.

### How many employees does Magnax have?

Magnax has approximately 30 people on record.

### What is Magnax's revenue?

StartupHub estimates Magnax's annual revenue at $19.4M (range $10.5M to $64.6M, 65% confidence), based on comparable companies in the sector.

### What is Magnax's valuation?

StartupHub estimates Magnax's effective valuation at $145.6M (range $88.8M to $213.0M, 22% confidence), based on comparable companies in the sector.

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