Startup · $7.4m raised
Startup developing stator core motors for electric aviation
Melbourne, VIC
Every investor coverage indicates participated in a round Kite Magnetics raised.
| Investor | Rounds | Invested |
|---|---|---|
| Tokyo Beyond Makers Program | Accelerator | $2,000,000 |
| SQM Lithium Ventures | Seed | $3,600,000 |
| ABB | Accelerator | - |
| Industry Growth Program | Accelerator | - |
| Boson Ventures | Seed | - |
| Breakthrough Victoria | Seed · Seed | - |
| Investible | Seed · Seed | - |
| Monash Investment Holdings | Seed | - |
| Galileo Ventures | Seed | - |
| Investible Climate Tech Fund | Seed | - |
| Possible Ventures | Seed | - |
Companies Kite Magnetics acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Kite Magnetics. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Melbourne EV materials company Kite Magnetics has been awarded an Australian government grant to commercialise its motor-core material, with a larger Series A raise planned but not secured.
Also Startup Daily
Breakthrough Victoria rounds up April–May 2026 portfolio news, including grants for Number 8 Bio and Xefco, Liquid Instruments' Series C, program selections, partnerships, regulatory clearances and two new Aravax directors.
Breakthrough Victoria highlights portfolio achievements including Amber Electric's forty-five million dollar raise, Bygen and Diag-Nose grants, and Quantum Brilliance series A funding.
Also Breakthrough Victoria·Breakthrough Victoria·RenewEconomy·Startup Daily·RenewEconomy·Dealroom
The fund's authors recap two climate-investment events, weighing the massive global capital needs, mixed public-private funding models, and its clean-economy portfolio activity in Victoria.
Breakthrough Victoria showcases nine climate-focused portfolio companies across clean energy and agrifood, describing each technology and its contribution to the energy transition and circular economy.
Weekly roundup of seven Australian startup raises, led by Airwallex's Series F, plus EatClub, Kite Magnetics, Termina, Preve, Foremind and Liveheats.
Also Startup Daily
A lithium producer's venture arm is backing a Melbourne maker of electric-motor components with a $3.6 million investment, funding a manufacturing facility and staff as the company scales production of its magnetic material.
Electric motor maker Kite Magnetics has landed a seed backing from SQM Lithium Ventures as part of its Seed+ round, with plans to scale its Aeroperm motor material and grow globally.
Breakthrough Victoria's update describes its $2 million commitment to ElectraLith's Series A, led by Main Sequence, covering the lithium extractor's water-free refining technology, Monash ties, pilot plant plans and growing team.
Also Startup Daily
Breakthrough Victoria defends its spending and investment record against critics urging its abolition, pointing to portfolio companies, university partnerships and recent backing of startups including Aravax.
Monash spin-out Kite Magnetics and Canada's CKD Aero unveil a battery-powered two-seater combining CKD's kit airframe with Kite's KM-60 motor, planning its first showing at July's EAA AirVenture expo in Wisconsin.
Breakthrough Victoria bought shares in Atmo Biosciences from Planet Innovation, size undisclosed; the article also recalls Atmo's February 2023 Series B and Breakthrough Victoria's earlier investments in three manufacturers.
An Investible investor explains the firm's approach to vetting deep tech startups, recalling its Climate Tech Fund's recent backing of BSpkl, Xefco, Earthodic and Kite Magnetics.
Breakthrough Victoria's chief executive reviews the investment firm's first operating year, recalling backing for several startups, a university pre-seed fund platform, a quantum technology facility, and a new environmental challenge program.
Podcast conversation with Kite Magnetics founder Richard Parsons on turning nanocrystalline magnetic materials into electric aircraft propulsion, his CSIRO On Prime experience, and the startup's recently completed seed raise.
Ignition Lane's weekly tech roundup covering record Australian VC fund raises, several green-tech startup funding rounds, Deliveroo's administration, the FTX collapse, and takeover offers for ELMO and Nitro.
Also Techboard
Breakthrough Victoria interviews Kite Magnetics founder Dr Richard Parsons about spinning the magnetic materials startup out of Monash University and pitching investors, recalling BV's investment announced in October 2022.
An AuManufacturing interview with Kite Magnetics co-founder Richard Parsons covers the Monash spinout's newly completed seed raise, its Aeroperm material for electric aircraft motors, and the 2014 sale of MagniX to Clermont Group.
Breakthrough Victoria and Investible back Kite Magnetics, a Monash University spinout developing lightweight electric aircraft motors, in a seed round the article reports at $1.85 million.
Also SmartCompany·Startup Daily·Startup Daily·Startup Daily·@AuManufacturing·@AuManufacturing·@AuManufacturing·@AuManufacturing·@AuManufacturing
Investible's Climate Tech Fund reveals its first eight investments, including Xylo Systems, Kite Magnetics and CIM, with $30 million committed toward a $100 million target; Xylo also drew Startmate and Taronga Zoo support.
Investible names the first eight climate-focused startups receiving investment from its sector fund, which already holds commitments above $30 million, covering aviation, buildings, marine, agriculture, conservation and carbon advisory ventures.