About Magnax
Magnax is a Transportation, Automotive & Logistics company based in Kortrijk (Belgium) founded in 2015 by Peter Leijnen, Daan Moreels, and Kester Goh. Axial flux motors for electric vehicles are developed and offered. Magnax has raised $39.55 million across 4 funding rounds from investors including European Union, Hirschvogel Automotive Group and Vlerick Business School. Magnax offers products and services including Yokeless Axial Flux Motor. Its focus areas include Energy Tech, Electric Vehicles, Components and Motors.
Company details
Magnax was founded in 2015 in Kortrijk, Belgium, focusing on axial flux motor technology for the electric vehicle sector. Various models, such as the AXF250-X and AXF250-S, are developed, incorporating features like lightweight construction, peak power densities of 15 kWkg, and oil cooling systems. Operations emphasize enhanced power density to support greater vehicle range, with the platform serving as a provider of these specialized components.
- Headquarters Kortrijk, Belgium
- Founders Peter Leijnen, Daan Moreels, Kester Goh
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Website magnax.com/home
- Social LinkedIn X Facebook YouTube
- Legal Name Magnax
- Total Equity Funding$39.55M (USD)
in 4 rounds
- InvestorsEuropean Union
& 5 more
Products & Services of Magnax
Magnax offers a comprehensive portfolio of products and services, including Yokeless Axial Flux Motor.
Advanced motor design for improved energy efficiency in industrial applications.
Apps and channels of Magnax
its YouTube channel Magnax has 308 subscribers and 7 videos.
Videos from Magnax
The most watched videos on Magnax's YouTube channel, Magnax (308 subscribers). Click a video to play it here.
More on Magnax.
Funding Insights of Magnax
Magnax has successfully raised a total of $39.55M across 4 strategic funding rounds. 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 $39.55M
- Total Rounds 4
- First Round $60,054
(Jan 2018)
- Investors Count 6
All 4 funding rounds of Magnax 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 |
|---|---|---|---|---|---|
| Apr 2026 | $40.88M | Series C | – | Pan-International | – |
| Aug 2022 | $19.9M | Series B | – | BIG Capital | |
| Jan 2021 | $19.64M | Series A | – | Hirschvogel Automotive Group | |
| Jan 2018 | $60,054 | Grant | – | – |
6 investors in total: 6 institutional.
Investors in Magnax
Magnax has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include European Union, Hirschvogel Automotive Group and Vlerick Business School.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity focused on software companies | bigcapllc.com | Weston, United States | ||
Private equity is directed toward private and public companies. | sfpi-fpim.be | Brussels, Belgium | ||
Provide automotive manufacturers and suppliers worldwide. | 1988 | hirschvogel.com | Denklingen, Germany | |
Multiple management courses and degrees are offered by Vlerick College. | 1999 | vlerick.com | Brussels, Belgium | |
| toruscapital.com | ||||
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium |
Investor details for Magnax
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Magnax
3 people are tracked at Magnax (3 in leadership).
| Name | Role | Group |
|---|---|---|
Peter Leijnen | Co-Founder | Leadership |
Daan Moreels | Co-Founder | Leadership |
Kester Goh | Co-Founder | Leadership |
Complete people profiles for Magnax
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Magnax
3 dated milestones of Magnax across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Magnax is founded.
- Funding First funding round of $60K.
- Funding Latest funding round, Series C,.
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Related news about Magnax
Complete news archive for Magnax
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Frequently Asked Questions about Magnax
Magnax was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Magnax is headquartered in Kortrijk, Belgium. It is registered at Kortrijk, West Flanders, Belgium.
Magnax is a funded company, having raised a total of $39.55M across 4 funding rounds to date. The company's 1st funding round was a Grant of $60.05K, raised on Jan 2018.
Magnax was founded in 2015 in Kortrijk, Belgium, focusing on axial flux motor technology for the electric vehicle sector. Various models, such as the AXF250-X and AXF250-S, are developed, incorporating features like lightweight construction, peak power densities of 15 kWkg, and oil cooling systems. Operations emphasize enhanced power density to support greater vehicle range, with the platform serving as a provider of these specialized components.
Magnax offers Yokeless Axial Flux Motor.
Magnax has 6 investors. Key investors include European Union, Hirschvogel Automotive Group, Vlerick Business School, BIG Capital, and SFPIM.
Magnax operates through Magnax.