About Kite Magnetics
Kite Magnetics is a company based in Notting Hill (Australia) founded in 2021. Kite Magnetics has raised $4.05 million across 2 funding rounds from investors including Investible, Breakthrough Victoria and Possible Ventures. Kite Magnetics offers products and services including Nanocrystalline Stator Cores, Aeroperm Core, and Aeroperm Material. Kite Magnetics operates in a competitive market with competitors including Whisper Aero, H3X Technologies, Greenjets, Nautical Wings Aerospace and Dovetail Electric Aviation, among others.
- Total Equity Funding$4.05M (USD)
in 2 rounds
- Latest Funding Round$2.2M (USD), Seed
May 2025
- InvestorsInvestible
& 4 more
Products & Services of Kite Magnetics
Kite Magnetics offers a comprehensive portfolio of products and services, including Nanocrystalline Stator Cores, Aeroperm Core, and Aeroperm Material.
Reduces energy losses in electric motors for better vehicle efficiency.
Enhances motor performance with high flux density and lower losses.
Improves electric vehicle range by minimizing heat and core losses.
Apps and channels of Kite Magnetics
its YouTube channel Kite Magnetics has 7 subscribers.
Funding Insights of Kite Magnetics
Kite Magnetics has successfully raised a total of $4.05M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2.2 million completed in May 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $4.05M
- Total Rounds 2
- Last Round Seed — $2.2M
- First Round $1.85M
(Oct 2022)
- Investors Count 5
All 2 funding rounds of Kite Magnetics with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2025 | $2.2M | Seed | – | – | |
| Oct 2022 | $1.85M | Seed | – | Investible |
5 investors in total: 5 institutional.
Investors in Kite Magnetics
Kite Magnetics has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Investible, Breakthrough Victoria and Possible Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital investments are provided by Investible in APAC. | – | investible.com | Sydney, Australia | |
Breakthrough Victoria is focused on investing in innovation for economic growth. | 2021 | breakthroughvictoria.com | Melbourne, Australia | |
Early-stage investments across multiple sectors are conducted by this firm. | – | possible.ventures | Munich, Germany | |
Early-stage venture capital funding is provided by Galileo Ventures. | – | galileo.ventures | Melbourne, Australia | |
- | – | sqmlithiumventures.tcc.mode | - |
Investor details for Kite Magnetics
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People of Kite Magnetics
1 people are tracked at Kite Magnetics (1 in leadership).
| Name | Role | Group |
|---|---|---|
Richard Parsons | Founder & CEO | Leadership |
Complete people profiles for Kite Magnetics
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Timeline of Kite Magnetics
3 dated milestones of Kite Magnetics across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Kite Magnetics is founded.
- Funding First funding round of $1.9M.
- Funding Latest funding round, Seed, of $2.2M.
Competitors of Kite Magnetics
Kite Magnetics operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Whisper Aero, H3X Technologies, Greenjets, Nautical Wings Aerospace and Dovetail Electric Aviation, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| whisper.aero | 2020 | Crossville, United States | $39.5M | 53 | Electric aircraft, drones, and propulsion systems are designed and developed. | |
| h3x.tech | 2020 | Saint Louis Park, United States | $26.01M | – | Motor drives for electric aircraft propulsion are developed. | |
| greenjets.com | 2005 | London, United Kingdom | $7M | 19 | Quiet, safe electric propulsion systems for aircraft are developed. | |
| nauticalwings.com | 2020 | Bengaluru, India | – | 44 | Provider of design and manufacturing solutions for advanced propulsion systems | |
| dovetail.aero | 2021 | Rose Bay, Australia | – | – | Manufacturer of electric propulsion engines | |
| ohm.space | 2021 | Southampton, United Kingdom | $1.32M | – | Provider of spacecraft propulsion technology for the satellite market | |
| magnix.aero | 2009 | Everett, United States | – | – | Develops electric powertrains and batteries for aircraft, helicopters, and marine applications. | |
| launchpointeps.com | 1992 | Goleta, United States | $11.39M | – | Provider of hybrid electric propulsion systems and modeling software |
Detailed competitors of Kite Magnetics
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Latest news on Kite Magnetics
Complete news archive for Kite Magnetics
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Similar companies to Kite Magnetics
10 companies that operate in the same segment as Kite Magnetics (Aerospace Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-based software suites are developed for navigation applications. | 1893 | Paris, France | – | USD 26.01 B | 83,020 | |
Autonomous aerial vehicles are provided for consumer and commercial uses. | 2014 | Guangzhou, Guangdong, China | USD 94 M | USD 58.15 M | 483 | |
Electric VTOL aircraft are developed for passenger and cargo transport. | 2012 | South Burlington, Vermont, United States | USD 1.5 B | – | 535 | |
Electric copters for urban mobility are manufactured and developed. | 2011 | Bruchsal, Baden-wurttemberg, Germany | USD 725.73 M | – | – | |
Autonomous electric eVTOL vehicles are developed for passenger air transport. | 2019 | Mountain View, California, United States | USD 450 M | – | – | |
Unmanned and manned aerial vehicles with payloads are developed. | 1989 | Manassas, Virginia, United States | USD 6.85 M | – | – | |
Supersonic passenger airplanes are manufactured for faster long-distance travel. | 2014 | Denver, Colorado, United States | USD 558.46 M | – | – | |
Provider of tech-enabled on-demand industrial 3D printing services | 2012 | Davie, Florida, United States | USD 25 M | – | 93 | |
Automatic flight control systems are provided for aircraft automation. | 2010 | Mountain View, California, United States | USD 125 M | – | 72 | |
Electric vertical takeoff and landing aircraft are developed. | 2018 | San Jose, California, United States | – | USD 300 K | 1,150 |
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Frequently Asked Questions about Kite Magnetics
Kite Magnetics was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Kite Magnetics is headquartered in Notting Hill, Australia. It is registered at Notting Hill, Victoria, Australia.
Kite Magnetics is a funded company, having raised a total of $4.05M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.85M, raised on Oct 2022.
Kite Magnetics was founded in 2021 and is based in Notting Hill, Australia. Operations focus on the aerospace sector, where electric aircraft engines are designed and developed for various models. Propulsion systems are produced with reduced noise levels and emissions. The company supports advancements in sustainable aviation through its engineering efforts in electric powertrains.
Kite Magnetics's top competitors include Whisper Aero, H3X Technologies and Greenjets.
Kite Magnetics offers Nanocrystalline Stator Cores, Aeroperm Core, and Aeroperm Material.
Kite Magnetics has 5 investors. Key investors include Investible, Breakthrough Victoria, Possible Ventures, Galileo Ventures, and SQM Lithium Ventures.