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Magnax

Hardware · BE

Belgian developer of axial-flux electric motors for EVs and aerospace propulsion.

Funding history

DateRoundAmount
Aug 2022Funding round
Belgian electric-motor maker Magnax raised 20M euros led by BIG Capital, with the Belgian sovereign fund SFPIM, to accelerate EV powertrain development.
$20M
Jan 2021Series A
Belgian motor startup Magnax raised a EUR16M Series A led by Hirschvogel Ventures.
$16M

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