Insights

Strategic Investment Growth Magnax has secured substantial funding with a recent injection of over $40 million from major investors like Foxconn and Pan-International Industrial, indicating strong investor confidence and potential for expansion in advanced electric motor technologies.

Innovation in Electric Motors The company's focus on developing yokeless axial flux electric motors positions it as a leader in high-efficiency, innovative motor solutions, creating opportunities to supply or collaborate on cutting-edge e-mobility projects.

Recent Market Expansion The launch of Traxial, dedicated to ground-based e-mobility, and the strategic investments suggest Magnax is actively expanding its footprint in the electric vehicle and mobility sectors, offering numerous partnership and sales prospects.

Academic & Industry Collaboration Magnax's partnership with Ghent University and its ongoing R&D efforts emphasize its commitment to technological advancement, providing a potential entry point for collaborative innovation or technology licensing.

Growing Financial Backbone Despite a modest current revenue, Magnax's $20 million funding and recent capital increases signal a strong financial position and growth potential, making it an attractive partner for businesses seeking innovative electric motor solutions.

Similar companies to MAGNAX

MAGNAX Tech Stack

MAGNAX uses 8 technology products and services including Siemens NX, Open Graph, Slick, and more. Explore MAGNAX's tech stack below.

  • Siemens NX
    Cad & Graphics
  • Open Graph
    Content Management System
  • Slick
    Javascript Libraries
  • Choices
    Javascript Libraries
  • HubSpot
    Marketing Automation
  • HSTS
    Security
  • Piwik
    System Analytics & Monitoring
  • Google Plus
    Widgets

MAGNAX's Email Address Formats

MAGNAX uses at least 1 format(s):
MAGNAX Email FormatsExamplePercentage
First.Last@magnax.comJohn.Doe@magnax.com
44%
First.Middle.Last@magnax.comJohn.Michael.Doe@magnax.com
6%
First.Last@magnax.comJohn.Doe@magnax.com
44%
First.Middle.Last@magnax.comJohn.Michael.Doe@magnax.com
6%

Frequently Asked Questions

Where is MAGNAX's headquarters located?

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MAGNAX's main headquarters is located at 100 Evolis Kortrijk, Flanders 8500 Belgium. The company has employees across 1 continents, including Europe.

What is MAGNAX's official website and social media links?

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MAGNAX's official website is magnax.com and has social profiles on LinkedInCrunchbase.

What is MAGNAX's NAICS code?

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MAGNAX's NAICS code is 3363 - Motor Vehicle Parts Manufacturing.

How many employees does MAGNAX have currently?

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As of March 2026, MAGNAX has approximately 26 employees across 1 continents, including Europe. Key team members include CEO: P. L.Co-Founder: K. G.Co Founder: D. M.. Explore MAGNAX's employee directory with LeadIQ.

What industry does MAGNAX belong to?

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MAGNAX operates in the Motor Vehicle Parts Manufacturing industry.

What technology does MAGNAX use?

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MAGNAX's tech stack includes Siemens NXOpen GraphSlickChoicesHubSpotHSTSPiwikGoogle Plus.

What is MAGNAX's email format?

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MAGNAX's email format typically follows the pattern of First.Last@magnax.com. Find more MAGNAX email formats with LeadIQ.

How much funding has MAGNAX raised to date?

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As of March 2026, MAGNAX has raised $20M in funding. The last funding round occurred on Aug 23, 2022 for $20M.

When was MAGNAX founded?

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MAGNAX was founded in 2015.

MAGNAX

Motor Vehicle Parts ManufacturingFlanders, Belgium11-50 Employees

Magnax valorizes yokeless axial flux technology in various markets. The company drives value by strategically investing to strengthen the position of its subsidiaries. These companies focus on specific markets, each requiring a unique approach. One is Traxial, which focuses on ground-based e-mobility.

Section iconCompany Overview

Headquarters
100 Evolis Kortrijk, Flanders 8500 Belgium
Website
magnax.com
NAICS Code
3363 - Motor Vehicle Parts Manufacturing
Founded
2015
Employees
11-50

Section iconFunding & Financials

  • $20M

    MAGNAX has raised a total of $20M of funding over 3 rounds. Their latest funding round was raised on Aug 23, 2022 in the amount of $20M.

  • $1M

    MAGNAX's revenue is estimated to be in the range of $1M

Section iconFunding & Financials

  • $20M

    MAGNAX has raised a total of $20M of funding over 3 rounds. Their latest funding round was raised on Aug 23, 2022 in the amount of $20M.

  • $1M

    MAGNAX's revenue is estimated to be in the range of $1M

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