CEO · Founder, Kite Magnetics
Stories naming Dr Richard Parsons. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Melbourne EV materials company Kite Magnetics has been awarded an Australian government grant to commercialise its motor-core material, with a larger Series A raise planned but not secured.
Also Startup Daily
Weekly roundup of seven Australian startup raises, led by Airwallex's Series F, plus EatClub, Kite Magnetics, Termina, Preve, Foremind and Liveheats.
Also Startup Daily
A lithium producer's venture arm is backing a Melbourne maker of electric-motor components with a $3.6 million investment, funding a manufacturing facility and staff as the company scales production of its magnetic material.
Electric motor maker Kite Magnetics has landed a seed backing from SQM Lithium Ventures as part of its Seed+ round, with plans to scale its Aeroperm motor material and grow globally.
Monash spin-out Kite Magnetics and Canada's CKD Aero unveil a battery-powered two-seater combining CKD's kit airframe with Kite's KM-60 motor, planning its first showing at July's EAA AirVenture expo in Wisconsin.
An AuManufacturing interview with Kite Magnetics co-founder Richard Parsons covers the Monash spinout's newly completed seed raise, its Aeroperm material for electric aircraft motors, and the 2014 sale of MagniX to Clermont Group.
Breakthrough Victoria and Investible back Kite Magnetics, a Monash University spinout developing lightweight electric aircraft motors, in a seed round the article reports at $1.85 million.
Also Breakthrough Victoria·SmartCompany·Startup Daily·Startup Daily·Startup Daily·@AuManufacturing·@AuManufacturing·@AuManufacturing·@AuManufacturing·@AuManufacturing·@AuManufacturing
Investible's Climate Tech Fund reveals its first eight investments, including Xylo Systems, Kite Magnetics and CIM, with $30 million committed toward a $100 million target; Xylo also drew Startmate and Taronga Zoo support.
Also SmartCompany