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Kite Magnetics

MaterialsMelbourne, Victoria, AustraliaFounded 2022· One of 961 Materials companies tracked by AMPulse

High-performance electric motors and nanocrystalline magnetic materials (Aeroperm®) optimized for electric aircraft.

CEO / Founder
Richard Parsons
Team Size
11-50
Stage
Active
Total Funding
$4.82M
Latest Round
Seed
Key Investors
Breakthrough Victoria, Investible, SQM Lithium Ventures, Australia Venture Capital, Creative Destruction Lab, Boson Ventures

Technology & Products

Key Products

Aeroperm® nanocrystalline magnetic material and high-performance electric motors optimized for electric aircraft.

Technological Advantage

Can directly replace standard silicon steel without requiring major redesign, reducing weight and enhancing efficiency.

Differentiation

Value Proposition

Enabling electric aircraft to fly up to 15% further with smaller, lighter, and more efficient electric motors through proprietary Aeroperm® material.

How They Differentiate

Focused on electric aviation with a unique nanocrystalline magnetic material that allows for lighter and more efficient motor designs.

Market & Competition

Target Customers

Electric aircraft manufacturers and aerospace companies

Industry Verticals

["Aerospace and Aviation","Electric Vehicles"]

Competitors

Vacuumschmelze GmbH; Hitachi Metals (Proterial, Ltd.)

Growth & Milestones

Growth Metrics

Spun out of Monash University; established Aircraft Propulsion Test Facility; creating over 140 direct jobs and 550 indirect jobs.

Major Milestones

["Spun out of Monash University in 2022","Secured $1.85M AUD seed funding round","Developed Aeroperm® nanocrystalline magnetic material","Launched Aircraft Propulsion Test Facility in 2023"]

Notable Customers

CKD Aero

https://www.kitemagnetics.com

Why this company matters

Kite Magnetics develops high-performance electric motors and proprietary nanocrystalline magnetic materials under the Aeroperm® brand, targeting the electric aviation market. The company spun out of Monash University in 2022 and has since established an Aircraft Propulsion Test Facility in Melbourne, Australia. Its core innovation is a nanocrystalline material that offers ultra-low core losses and high magnetic flux density, enabling motor designs that are smaller and lighter than those using conventional silicon steel.

A key differentiator is that Aeroperm® can directly replace standard silicon steel in existing motor designs without requiring a major redesign. This reduces engineering friction for aircraft manufacturers seeking to improve powertrain efficiency. The company has secured a seed funding round of $1.85M AUD from investors including Breakthrough Victoria, Investible, and SQM Lithium Ventures, and counts CKD Aero among its early customers.

Kite Magnetics competes with established magnetic materials suppliers such as Vacuumschmelze GmbH and Hitachi Metals (Proterial, Ltd.), but focuses exclusively on electric aviation and electric vehicle applications. The company claims its technology can extend aircraft range by up to 15%, addressing a critical barrier to adoption of electric propulsion. Partnerships with Monash University and support from Breakthrough Victoria and Investible provide research and commercialization backing.

The company's open question is whether its nanocrystalline material can scale from prototype and small-series production to the volumes required by aerospace primes and tier-1 suppliers. With a team of 11-50 and plans to create over 140 direct jobs, Kite Magnetics is positioned as a niche enabler in the emerging electric aircraft supply chain, but faces the challenge of displacing incumbent magnetic materials in a risk-averse aerospace industry.