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Magnax
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Developer of yokeless axial flux electric motors

Founded in 2015
Founded in

Company type Private Public ()
Company type

Industry Group transportation & logistics

Sector vehicle components

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Belgium Kortrijk, Belgium
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Updated by at on 02/24/2025

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IPO INFORMATION

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Description

Date Investors Type Amount
08/25/2022 BIG Capital BIG Capital , SFPIM SFPIM (2)
Post-money valuation of
Funding will accelerate product development and expand customer support.
Growth Equity $19,970,000
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Products
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Axial Flux Electric Motor

New aged electric motor technology

$/kW (current)
$/kW (projected)
$/kWh (current)
$/kWh (projected)
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