US EditionMonash spinout Kite Magnetics raises $3.6M to boost EV range and cut costs
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Monash spinout Kite Magnetics raises $3.6M to boost EV range and cut costs
Kite Magnetics, a spinout from Monash University, has raised $3.6 million to take its breakthrough magnetic material, Aeroperm®, to pilot production. The funding round, led by SQM Lithium Ventures, signals growing confidence in Australian clean tech and could mark a turning point for electric vehicle efficiency worldwide. Aeroperm® is a nanocrystalline material designed to dramatically improve the performance of electric motors and generators. D…
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