What Kite Magnetics does

Kite Magnetics Pty Ltd is a privately-held Australian advanced materials company, founded in 2021 (corporate vehicle established 2022) and headquartered in Notting Hill, Victoria, that has developed and is commercialising Aeroperm®, an ultra-low-loss nanocrystalline magnetically soft stator core material with 2.0 T magnetic polarisation and 0.024 mm lamination thickness. The company's technical proposition is that Aeroperm can be used as a direct drop-in replacement for conventional iron-silicon (non-oriented electric) steel in radial flux traction motors and high-performance electric propulsion systems, with claimed reductions in stator core losses of up to 97% versus conventional electric steel and supporting outcomes of up to 5% WLTP3 range improvement in EVs (more than 10% with drivetrain optimisation) and up to 20% greater endurance or payload in UAV platforms. The technology originated in 2018 at Monash University through research by founder/CEO Dr Richard Parsons and Professor Kiyonori Suzuki; a provisional patent was filed in 2019 and the Aeroperm trademark is registered across product lines.

The company monetises the platform along two complementary go-to-market paths. For automotive OEMs, Tier 1 and Tier 2 suppliers, Kite offers the Aeroperm Production System — equipment, materials and expertise for in-house commercial-scale manufacture of Aeroperm cores — under an enterprise sales-led motion with regional contact points in Australia, the USA and Europe. For UAV and other non-automotive high-performance electric propulsion manufacturers, it sells finished Aeroperm stator cores directly via a website-driven inquiry model. Aerospace and automotive application datasheets (Aeroperm Nano20) support technical evaluation. Revenue model is hardware-led (equipment plus material sales) with a bundled professional services / technology-transfer component and an implicit data/datasheet licensing angle; pricing is quote-based and not publicly disclosed.

The company is venture-backed, having raised approximately AU$1.85 million in a 2022 seed round led by the Investible Climate Tech Fund with Breakthrough Victoria and others, and USD $3.6 million in a May 2025 Seed+ round led by SQM Lithium Ventures, supplemented by 2025 state government grant support. Operations remain pre-commercial at very small scale (1-10 employees, four named senior leaders), with a 5 ton/year nanocrystalline stator core pilot production line and the first automotive Tier 1 order both scheduled for 2026 as the company transitions from pilot to commercial-scale manufacturing in Melbourne, Australia.

Name

Kite Magnetics

Legal name

Kite Magnetics Pty Ltd

Website

https://kitemagnetics.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Kite Magnetics develops and commercialises Aeroperm®, a 2.0 T ultra-low-loss nanocrystalline stator core material sold as a direct drop-in replacement for electric steel in EV traction motors and high-performance electric propulsion systems, serving automotive OEMs, Tier 1/Tier 2 suppliers (via in-house Production System partnerships) and UAV/aerospace manufacturers (via direct stator core supply).

Ownership category

akta.pro rank

Headquarters

HQ city

Notting Hill

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Supply Chain, Operations, Marketing or Sales

Revenue model

1. Automotive — Aeroperm® Production System and in-house manufacturing partnership: Provides the equipment, materials and expertise required for selected automotive OEMs, Tier 1 and Tier 2 suppliers to manufacture Aeroperm® stator cores in-house. Early-access production system collaboration; commercial-scale, likely contract/equipment sale model.
2. UAV / Aerospace — Direct supply of Aeroperm® stator cores: For UAV and other non-automotive high-performance electric propulsion applications, Kite supplies finished Aeroperm® stator cores directly to motor and platform manufacturers. Product sale of finished magnetic components.
3. Professional services / technical enablement: Bundled expertise, materials and equipment transfer to support customer in-house manufacturing of Aeroperm® cores — a professional services / technology-transfer component accompanying equipment and material sales.
4. Aeroperm® material datasheet / test data licensing (implied): Customers can request material test data to conduct their own analysis, suggesting potential licensing or technical data transfer arrangements supporting motor design adoption.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Kite Magnetics develops and commercialises Aeroperm®, a proprietary 2.0 T ultra-low-loss nanocrystalline stator core material that directly replaces conventional iron-silicon electric steel in radial flux traction motors and high-performance electric propulsion systems. To automotive OEMs, Tier 1 and Tier 2 suppliers it sells the Aeroperm® Production System plus materials and technology-transfer expertise enabling in-house commercial-scale stator core manufacturing. To UAV and advanced electric propulsion manufacturers it supplies finished Aeroperm® stator cores directly, enabling up to 20% greater endurance or payload capacity and up to 5% WLTP3 EV range improvement (more than 10% with drivetrain optimisation).

Product overview

Kite Magnetics offers a single underlying technology platform — Aeroperm, an ultra-low-loss nanocrystalline stator core material — delivered through two complementary offerings. The core product, Aeroperm - Stator Cores, is the nanocrystalline material supplied directly to motor and platform manufacturers (e.g., for UAV and aerospace propulsion, where it can deliver up to 20% greater endurance or payload). The complementary Aeroperm - Production System is a manufacturing equipment platform being developed to let automotive OEMs, Tier 1, and Tier 2 suppliers produce Aeroperm cores in-house at commercial scale for radial flux traction motors. A documented sub-variant, Aeroperm Nano20, is published via dedicated Automotive and UAV datasheets supporting both go-to-market paths. Together, the material, the in-house production system, and application-specific variants form Kite Magnetics' platform for high-efficiency electric motors and generators across automotive powertrains and advanced electric propulsion.

Differentiator

Problem solved

Functional benefit

Brands

• Aeroperm: Ultra-low-loss nanocrystalline stator core material (marketed as Aeroperm®/Aeroperm™) for high-performance electric motors and generators, supplied as stator cores or via a production system to automotive OEMs/Tier suppliers and UAV manufacturers.

Products and services

• Aeroperm - Stator Cores Finished ultra-low-loss 2.0 T nanocrystalline stator cores supplied directly to motor and platform manufacturers for UAV and other non-automotive high-performance electric propulsion applications. Reduces stator core losses by up to 97% versus conventional electric steel and enables up to 20% greater UAV endurance or payload capacity.
• Aeroperm - Production System In-house mass-production system developed by Kite Magnetics to enable selected automotive OEMs, Tier 1 and Tier 2 suppliers to manufacture Aeroperm® stator cores locally at commercial scale for radial flux traction motors. Compatible with Aeroperm® and other nanocrystalline and amorphous magnetic materials, and bundled with materials and technology-transfer expertise.

Quantifiable outcome

• Up to 97% reduction in stator core losses vs conventional electric steel
• +6 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• Monash Universityorigin institution / co-developerStrategic or Co-development PartnerOrigin institution where founder/CEO Dr Richard Parsons and Professor Kiyonori Suzuki developed Aeroperm® between 2018 and 2019, leading to the provisional patent and founding of Kite Magnetics in 2021. Monash is the academic/research cradle of the company's core technology.

Scale indicators10 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• magniX: magniX develops high-power-density electric propulsion systems for aircraft (battery and hydrogen-electric), targeting exactly the same UAV and advanced electric propulsion OEMs Kite supplies with Aeroperm stator cores. Both companies are pursuing efficiency-driven decarbonisation of aviation, making magniX the closest direct peer in the e-aviation motor space.
• Equipmake: Equipmake develops high-performance electric motors and inverters for automotive, aerospace and EV applications, including motor technology designed for electrification of aircraft. It overlaps directly with Kite's dual focus on EV powertrain efficiency and electric aviation propulsion, and competes for similar Tier 1 and airframe manufacturer engagements.
• Turntide Technologies: Turntide designs and manufactures electric motors and powertrain components (notably switched-reluctance motors) targeting sustainability and efficiency gains in vehicles, buildings and industrial applications. While using a different motor topology, it competes in the same value proposition of replacing incumbent motor materials/designs with materially more efficient technology for automotive and industrial customers.
• Vacuumschmelze (VAC): VAC is a global leader in soft magnetic materials including nanocrystalline and amorphous alloys used in high-performance motors, transformers and sensors. It is a direct competitor in nanocrystalline core materials that could supply similar stator cores to EV and motor manufacturers that Kite targets with Aeroperm.
• H3X Technologies: H3X builds integrated high-power-density electric motors for aviation, marine and aerospace, with a strong focus on stator and winding innovations to maximise efficiency and power density. Like Kite, it targets UAV and advanced electric propulsion customers with performance-driven motor technology, making it a direct peer in high-performance e-propulsion.

Broad incumbents

• Voestalpine Electrical Steel: Voestalpine produces high-grade electrical steel for automotive and industrial motor applications, including advanced non-oriented grades. It is a broad incumbent competing for the same traction-motor core slots Kite targets with its drop-in replacement strategy.
• ZF Friedrichshafen: ZF is a major automotive Tier 1 supplier of EV drivetrains, traction motors and power electronics to global OEMs. As a buyer (and potentially a licensor/in-house manufacturer) of advanced stator core materials, ZF is both a possible customer of Kite's Production System and a broad incumbent shaping automotive motor design choices.
• Hitachi Metals (Proterial): Hitachi Metals (now Proterial) is a major global supplier of soft magnetic materials, electrical steels and amorphous/nanocrystalline alloys (e.g., FINEMET) used in motors and power electronics. It is a broad incumbent with deep IP and scale in the same underlying material category as Aeroperm, and competes for OEM materials qualifications.
• ThyssenKrupp Electrical Steel: ThyssenKrupp is one of the world's largest producers of non-oriented electrical steel, the incumbent material Kite is replacing in EV traction motors. It is a broad incumbent whose installed customer base, scale and qualification footprint define the switching-cost barrier Kite must overcome in automotive.
• Nidec: Nidec is one of the world's largest manufacturers of electric motors, including traction motors for EVs, with significant R&D in high-efficiency motor designs. As a broad incumbent in EV traction motors, it is a potential OEM-scale customer or competitor for advanced stator core materials and a benchmark for what Kite must outperform on cost and efficiency.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/kite-magnetics

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds4 records

Investors10 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kite Magnetics