Magnax key facts
as of Oct 2026- Developer of yokeless axial flux motors delivering ultra-compact, high-efficiency power across industrial and electric mobility applications.
- Magnax is valued at approximately $111.7M as of Oct 2026 (last reported valuation).
- It has raised $82.2M; the latest was Later Stage VC ($41.0M) in Jan 2026.
- Notable investors include Plug and Play Tech Center, European Union, Federal Holding and Investment Company (Brussels), BIG Capital (Vietnam), Vlerick Group — 12 tracked in total.
- Status: Privately Held (backing).
Magnax's last reported valuation, May 2022. Nothing priced has surfaced since.
- ·The complete investor list: 12 names
- ·Watch Magnax: the Monday email on marks, rounds and moves
Magnax funding rounds
No funding rounds for Magnax are on record yet — either the company hasn't raised institutional capital, or the raise hasn't surfaced in our sources.
Who backs Magnax
12+Magnax valuation
Magnax's last reported valuation was $112 million in May 2022. No priced round, secondary trade or fund mark has surfaced since.
Magnax investors
12 investors are on record for Magnax, including Plug and Play Tech Center, European Union, Federal Holding and Investment Company (Brussels) and BIG Capital (Vietnam).
About Magnax
Developer of yokeless axial flux motors delivering ultra-compact, high-efficiency power across industrial and electric mobility applications. The company's motors are manufactured using a patented system for cooling the windings for low stator temperatures, robustness, and oriented electrical steel to reduce the core losses, enabling e-mobility businesses to build lighter and more energy-efficient vehicles.
- Sector
- Business Products and Services (B2B)
- HQ
- Kortrijk, Belgium
- Founded
- 2015
- Employees
- 30
- Website
- magnax.com/
- Ownership
- Privately Held (backing)
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