Belgian axial flux e-motor developer Magnax raises €20 million

The Flemish axial flux electric motor developer Magnax has closed a new financing round of  € 20 million. The money will be used to accelerate product development, enlarge the engineering team and expand support for customers and partners. “In the EV space, e-Motor technology is evolving rapidly,” says co-founder Daan Moreels. OEMsrecognizeg the very interesting
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