Congratulations to Magnax on its successful Series A Extension financing round amounting to approximately EUR 20,000,000, in the framework of which two new investors have been attracted, namely FPIM and BIG Capital.
The funding will be used primarily for Traxial, a subsidiary of Magnax. Traxial develops and commercialises innovative motors for electric vehicles. The new round enables the company to accelerate the development and upcoming industrial production of their yokeless axial flux motors.
We are proud to have assisted Magnax with this transaction.
The Eubelius team involved in the transaction consisted of Filip Jenné, Fréderic Van Campe and Odile Watté.