Kite Magnetics
High-performance electric motors and nanocrystalline magnetic materials (Aeroperm®) optimized for electric aircraft.
- CEO / Founder
- Dr. Richard Parsons
- Team Size
- 11-50 employees
- Stage
- Active
- Total Funding
- $1.85M
- Latest Round
- Seed
- Key Investors
- Breakthrough Victoria, Investible, SQM Lithium Ventures
Technology & Products
Key Products
["Aeroperm® nanocrystalline magnetic material","Custom high-performance electric motors","Nanocrystalline stator core components"]
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"]