Magnax is a deep technology scale-up focused on pioneering 'axial flux' electric motor technology for the electric vehicle and aerospace sectors. It has secured €36 million in funding across two financing rounds. The company operates two subsidiary entities.
Traxial, a subsidiary of Magnax, develops yokeless axial flux motor technology for electric vehicles. Our axial flux motor technology comes with exceptional power density and compactness, creating a foundation for the next generation of EV powertrains. Axyal Propulsion is the other subsidiary which focuses on axial flux propulsion systems for air mobility.