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.
- Headquarter Notting Hill, Australia
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Sectors
Aerospace, Defense & Maritime
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.05 M (USD)
in 2 rounds
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Latest Funding Round
$2.2 M (USD), Seed
May 20, 2025
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Investors
Investible
& 4 more
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Employee Count
Employee Count
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Products & Services of Kite Magnetics
Kite Magnetics offers a comprehensive portfolio of products and services, including Nanocrystalline Stator Cores, Aeroperm Core, and Aeroperm Material. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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 Total Funding
- Total Rounds 2
- Last Round Seed — $2.2M
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First Round
First Round
(10 Oct 2022)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2025 | Amount | Seed - Kite Magnetics | Valuation |
investors |
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| Oct, 2022 | Amount | Seed - Kite Magnetics | Valuation | Investible |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage venture capital investments are provided by Investible in APAC.
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Founded Year | Domain | Location | |
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Breakthrough Victoria is focused on investing in innovation for economic growth.
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Founded Year | Domain | Location | |
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Early-stage investments across multiple sectors are conducted by this firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Kite Magnetics
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Kite Magnetics
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Kite Magnetics Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Electric aircraft, drones, and propulsion systems are designed and developed.
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| domain | founded_year | HQ Location |
Motor drives for electric aircraft propulsion are developed.
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| domain | founded_year | HQ Location |
Quiet, safe electric propulsion systems for aircraft are developed.
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| domain | founded_year | HQ Location |
Provider of design and manufacturing solutions for advanced propulsion systems
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| domain | founded_year | HQ Location |
Manufacturer of electric propulsion engines
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Kite Magnetics
Frequently Asked Questions about Kite Magnetics
When was Kite Magnetics founded?
Kite Magnetics was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Kite Magnetics located?
Kite Magnetics is headquartered in Notting Hill, Australia. It is registered at Notting Hill, Victoria, Australia.
Is Kite Magnetics a funded company?
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 10, 2022.
What does Kite Magnetics do?
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.
Who are the top competitors of Kite Magnetics?
Kite Magnetics's top competitors include Whisper Aero, H3X Technologies and Greenjets.
What products or services does Kite Magnetics offer?
Kite Magnetics offers Nanocrystalline Stator Cores, Aeroperm Core, and Aeroperm Material.
Who are Kite Magnetics's investors?
Kite Magnetics has 5 investors. Key investors include Investible, Breakthrough Victoria, Possible Ventures, Galileo Ventures, and SQM Lithium Ventures.
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