Products

Signal Tracker Data Platform Data Enrichment API Intelligence desk

Solutions

Inward Investment & Aftercare Deal Origination Executive Search Corporate Development Signal-Based Outbound Competitive Intelligence Funding Signals Competitor Monitoring For Sales Teams For Founders For Agencies For Investors

Explore

Companies Live Signals Markets Trends

Resources

Signal Checker Blog Integrations FAQ Contact
Login Book a demo
Magnax logo — A new generation of yokeless axial flux technology

Magnax

A new generation of yokeless axial flux technology

Founded 2015 Belgium Belgium 27 employees Venture round Total: $72.00M Space, Transportation +1

General Information

Company Name Magnax
Founded Year 2015
Location Belgium Belgium
Employees 27
Industries Space, Transportation, Automotive
Funding Stage Venture round
Social

BounceWatch is an independent company data service, not affiliated with Magnax. To contact Magnax, visit magnax.com.

Is this your company?

Confirm with your work e-mail, get the Verified badge and keep this profile correct yourself. Search engines and AI assistants read it every day.

Get Verified

How does Magnax compare?

A PDF of Magnax and up to 10 competitors you pick: team, funding, traffic and every dated move of the last 90 days. Each company is re-checked on the day you order, so it is current.

See a sample report

This takes a few seconds: we look beyond our own index too.

Meeting Magnax soon?

A one-page PDF brief: what it does, key facts, the last 90 days of dated moves and questions worth asking. Re-checked on the day you order. See a sample

Recorded by Bounce Watch from public sources. Every entry below carries the date we observed it, and when we have not looked recently the page says so rather than leaving silence to imply nothing happened.

In The News Oct 01, 2026

Featured on Tech: Belgium’s top-funded tech companies in H1 2026

Get alerts when Magnax shows new signals

About Magnax

Magnax: A Belgian-based company, founded in 2015, Magnax is at the forefront of axial flux technology. Their innovative approach involves creating separate entities to tailor axial flux solutions for specific markets. One such entity, Traxial, is dedicated to ground e-mobility. The company recently secured a significant €20.00M Venture Round investment on 23 August 2022 from the Belgian Federal Investment. This substantial injection of capital bodes well for Magnax's expansion and development of its groundbreaking technology. With their yokeless axial flux electric motors, Magnax stands to make a significant impact across various industries. This strategic move to establish specialized subsidiaries highlights their commitment to meeting the distinct needs of each market. For those interested in the advancements in ground e-mobility, exploring Traxial's website is encouraged. Magnax's innovative approach and recent investment make them a compelling entity to watch in the evolving landscape of electric mobility and sustainable technologies.

Business keywords: Axial flux solutions, Electric motors, Yokeless technology, Ground e-mobility, Market introduction, Customer needs, Certification, Separate companies, Technology, Industry-specific solutions, Traxial, Subsidiary, Market focus, Founder-led, Customized solutions

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Venture round €35.50M 2
Pan-International Industrial Corp., Foxconn Group
06 Apr 2026
Venture Round €20.00M 1
Belgian Federal Investment
Belgian Federal Investment
23 Aug 2022
Series A €16.00M 3
Torus Capital Vlerick Group Hirschvogel Ventures
Torus Capital, Vlerick Group +1
24 Dec 2020
Pre Seed Round $500.00K -
01 May 2018

Latest News

View All
Belgium’s top-funded tech companies in H1 2026 — Tech
Belgium’s top-funded tech companies in H1 2026
Tech Oct 01, 2026
Belgium’s Magnax secures €35.5 million with Foxconn backing to industrialise axial flux motor techno... — Eu-startups
Belgium’s Magnax secures €35.5 million with Foxconn backing to industrialise axial flux motor technology
Eu-startups Apr 06, 2026
An Innovative EV Motor Used by Lamborghini, McLaren, and Ferrari Is Being Mass-Produced by Mercedes — Wired
An Innovative EV Motor Used by Lamborghini, McLaren, and Ferrari Is Being Mass-Produced by Mercedes
Wired May 12, 2024

Magnax Alternatives & Competitors

View All Alternatives
Magnax vs
21North Europ Assistance
21North Europ Assistance Singapore

Discover Convenience

Corporate Round
234 employees
Internet, Transportation
Compare Magnax vs 21North Europ Assistance
Magnax vs
AUDI AG
AUDI AG Germany

#WorkingInProgress #WeAreHiring | Vorsprung durch Technik

Post-IPO Secondary
23011 employees
Manufacturing, Transportation
Compare Magnax vs AUDI AG
Magnax vs
Oben Electric
Oben Electric India

#DesignMeetsPerformance

Series A
291 employees
Manufacturing
View all alternatives

FAQ About Magnax

A new generation of yokeless axial flux technology
Magnax was founded in 2015.
Magnax is headquartered in Belgium.
Magnax operates in Space, Transportation and Automotive. Its work centres on Axial flux solutions, Electric motors, Yokeless technology and Ground e-mobility.
Magnax has approximately 27 employees.
Magnax has completed 4 funding rounds, raising a total of $72.00M. The latest funding stage is Venture round.
Top alternatives and competitors to Magnax include 21North Europ Assistance, AUDI AG, Oben Electric, Spectrum Comm Inc, Holo. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Magnax and 21North Europ Assistance are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Magnax, https://bouncewatch.com/company/magnax, updated 7 September 2026. When citing, please name BounceWatch and link this page.

Analytics cookies (ours + Google). Cookie Policy

Book a demo 30 minutes