SFPI-FPIM also plays a major role to safeguard the long-term stability of the Belgian economy by contributing to the anchoring of strategic assets through smart capital solutions in both promising and established companies or ecosystems. SFPI-FPIM acts as a trusted partner in helping Belgian companies, SME as well as scale-ups, to become a reference in their industry by providing smart capital solutions. The Federal Holding and Investment Company (Société Fédérale de Participations et d’Investissement (SFPI) in French or Federale Participatie- en Investeringsmaatschappij (FPIM) in Dutch) is the Belgian Sovereign Wealth Fund. Vu Quang Hoi, Vietnamese business mogul and successful visionary. With BIG Capital and SFPIM, Magnax has two new investors on board with a long-term vision on how valuable deep tech can help build a sustainable world.īIG Capital is the venture arm of Bitexco, a leading multidisciplinary group in healthcare, energy, telecom, space, and more, with presence in Southeast Asia, Europe, and North America. With up to a 4x increase in volumetric torque density versus traditional “radial flux” electric motors, automotive and airframe developers can use the compact and thin “pancake” shape of Magnax’s axial flux motors to their competitive advantage.Īrmed with extraordinary test results, Magnax decided to valorize and commercialize their technology via two separate spin-off companies: Traxial, led by Marc Beulque and focused on ground eMobility, and Axyal which focuses on aerospace propulsion systems. Additional innovations such as direct cooling of the windings, high-speed rotors, and automated manufacturing result in an exceptional combination of high power density and a high degree of manufacturability. Magnax’s patented single-stator, dual-rotor axial flux motor delivers the most effective and efficient motor topology known today. OEMs are recognizing the superior electric motor topology of axial flux (e.g. In the EV space, eMotor technology is also evolving rapidly. The proceeds - which bring Magnax’s total capital raised to €36 million - will be used to accelerate product development, grow the engineering team, and expand support for customers and partners. With yokeless axial flux technology at its core, Magnax’s mission is to accelerate the innovation of EV powertrains and aerospace propulsion systems. Belgium-based Magnax, technology leader in axial flux electric motors, has closed a €20m funding round and adds two new investors: BIG Capital, who led the round, and SFPIM.
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