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Magnax, Belgium raises investment for axial flux electric motors development
On August 23, Belgium-based Magnax closed a EUR 20 million funding round and adds two new investors: BIG Capital and SFPIM. With yokeless axial flux technology at its core, Magnax’s mission is to accelerate the innovation of EV powertrains. The proceeds, which bring Magnax’s total capital raised to EUR 36 million, wi....
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