Magnax: Axial-flux motor firm Magnax closes $20-million funding round

Magnax has closed a €20-million ($19.97 million) funding round. The company says it plans to use the funds "to accelerate product development, grow the engineering team and expand support for customers and partners." Magnax has patented a single-stator, dual-rotor axial-flux motor that directly cools the windings. According to the company, the motor "delivers the most... Read more »