Kite Magnetics Pty Ltd. Asset Profile

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Year established

2021

Location

Australia

Primary Industry

Aerospace

About

Based in Clayton, Australia, and founded in 2021, Kite Magnetics Pty Ltd. formerly known as Kite Metal Pty Ltd. operates as a provider of technology for electric aviation by re-engineering electric motors and generators. In October 2022, new investor Investible led AUD 1.85 million in seed funding for Kite Magnetics Pty Ltd, with participation from Boson Ventures, Breakthrough Victoria, Galileo Ventures, and Possible Ventures. Kite Magnetics Pty Ltd. produces electric motors with patented nanocrystalline materials, enabling small to medium-sized aircraft to fly further, carry more and emit less. It has developed Aeroperm, a new nanocrystalline magnetic core material that used core materials. It specializes in electric propulsion, electric motors, electric generators, magnetic materials, climate tech, electric aircraft, drones, aerospace, materials science, general aviation, commercial aviation, transformers, and filtering components. The company plans to use the seed funding to develop its products for small electric aircraft.

Current Investors

Investible, Galileo Ventures, Possible Ventures

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Primary Industry

Aerospace

Sub Industries

Engineering, Power Generation Equipment & Services, Nanomaterials

Website

www.kitemagnetics.com

Verticals

Manufacturing, Nanotechnology

Company Stage

Angel & Seed

Total Amount Raised

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