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MAGTEC/Magnetic Systems Technology Ltd

98 employees

Magtec designs and manufactures electric drive systems and components for all vehicle types.

Basic info

Industry

motor vehicle manufacturing

Sectors

Autonomous Vehicles
Electric drive systems for commercial vehicles and Permanent magnet traction motors
Electronics
Manufacturing
Automotive
Professional Services

Date founded

1992

Funding rounds raised

Total raised

$7.4M

from 2 investors over 2 rounds

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MAGTEC/Magnetic Systems Technology Ltd raised $7.4M on June 26, 2020

Investors: Advanced Propulsion Centre UK

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MAGTEC/Magnetic Systems Technology Ltd raised $1.6M on January 3, 2016

Investors: Executive Agency for Small and Medium-sized Enterprises (EASME)

FAQ