Beyond the Blend

#8 How Magnax Raised €20m in Funding with Daan Moreels


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In this episode, we welcome Daan Moreels, co-founder of Magnax, on the Beyond the Blend podcast.

Glenn asks Daan all about finding investors, being able to handle hearing more nos then yeses, and taking an opportunity when you see it.
Daan also underlines the importance of setting the right priorities in order not to burn through your raised funds too quickly or, even worse, on the wrong things!
Magnax just raised 20m euros in funding for their axial flux “pancake” electric motors. Magnax’s mission is to accelerate the innovation of EV powertrains and aerospace propulsion systems. The proceeds of the funding round will be used to accelerate product development, grow the engineering team, and expand support for customers and partners.

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Read the press release about Magnax’s funding round here: https://www.magnax.com/press/fundinground

Read the press article in De Tijd here (NL): https://www.tijd.be/ondernemen/technologie/kortrijkse-e-motor-overtuigt-na-dries-mertens-ook-de-overheid/10409102.html
Connect with Daan on LinkedIn: https://be.linkedin.com/in/daanmoreels
More about Alberts on www.alberts.be
Always stay up-to-date with Alberts on our socials via @albertsliving

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Beyond the BlendBy Alberts