Magnax

Kortrijk, Belgium · Founded 2015 · Privately Held (backing)

Developer of yokeless axial flux motors delivering ultra-compact, high-efficiency power across industrial and electric mobility applications. Magnax is based in Kortrijk, Belgium and was founded in 2015. Its last reported valuation was $112 million in May 2022. It has raised $82.2 million.

Last reported valuation
$111.7M
Oct 2026
Priced at
—
Total raised
$82.2M
Last round
—

Who backs Magnax?

12 investors
InvestorType
Plug and Play Tech Center—
European UnionOther
Federal Holding and Investment Company (Brussels)Other
BIG Capital (Vietnam)Family office
Vlerick GroupFamily office
Dries Mertens—
Ghent University—
Hirschvogel Ventures—
Hon Hai Precision Industry—
Pan-International Industrial—
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Magnax investors

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