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Kite Magnetics

Victoria, AU · Founded 2021 · 20 employees on LinkedIn · 9 known investors

Find your way into Kite Magnetics

149 people in our graph share verified history with the Kite Magnetics team — schools, employers, funds. One of them is your warm intro.

Taryn Pieterseunlockedknows Richard Parsons · together at Startmate (overlapped)
×10knows the team · via Startmate
knows the team · via Monash University

Kite Magnetics develops Aeroperm®, a nanocrystalline magnetic material that improves electric motor efficiency, targeting automotive powertrains and unmanned aerial vehicle propulsion systems. The company manufactures high-performance motor cores for original equipment manufacturers and supplies cores directly to non-automotive markets.

Advanced ManufacturingCleantechDeep TechEnergyHardwareNew Materials

Founders & leadership

Kite Magnetics was founded in 2021 by Richard Parsons and Kiyonori Suzuki.

RPRichard Parsons
Richard ParsonsinFounder and CEORichard Parsons spent over a decade at Monash University as a researcher and lecturer working on advanced magnetic materials for electric motors, and managed the Monash X-ray Platform before founding Kite Magnetics, which develops nanocrystalline magnetic materials to improve electric motor efficiency for automotive and aerospace applications.
KS
Kiyonori SuzukiProfessor
LWLiz Williams
Liz WilliamsinSenior Executive

Investors · 9

Breakthrough Victoria✓ verifiedMelbourne
Boson VenturesMelbourne
Galileo VenturesMelbourne · $200K – $500K
Investible Climate Tech FundSydney · $330K
Possible VenturesMunich · $100K – $5M
SQM Lithium Venturesreported · 2 sourcesSantiago

Also in the syndicate · 3

Innovation VictoriaInvestibleMonash Investment Holdings

Funding

SEC filings, press & company announcements

Source: company announcements and press reports — follow each round's link for the claim.

In the news

Charged EVs | Kite Magnetics secures A$2-million grant to scale Aeroperm motor core material - EVSHIFTevshift.com · Aug 2026EV motor magnetics startup Kite Magnetics accelerates with $2m grant - Startup Dailystartupdaily.net · Jul 2026Kite Magnetics secures funding to expand manufacturing of EV motor materials - Australian Manufacturingaustralianmanufacturing.com.au · Jul 2026Kite Magnetics nets $3.6 million to scale up production of EV tech - pv magazine Australiapv-magazine-australia.com · May 2025Monash spinout Kite Magnetics raises $3.6M to boost EV range and cut costs - The Indian Suntheindiansun.com.au · May 2025Kite Magnetics raises $1.85 million in seed fundingmanmonthly.com.au · Oct 2022

Frequently asked questions

What does Kite Magnetics do?
Kite Magnetics develops Aeroperm®, a nanocrystalline magnetic material that improves electric motor efficiency, targeting automotive powertrains and unmanned aerial vehicle propulsion systems. The company manufactures high-performance motor cores for original equipment manufacturers and supplies cores directly to non-automotive markets.
Who founded Kite Magnetics?
Kite Magnetics was founded by Richard Parsons, Kiyonori Suzuki in 2021.
Who are Kite Magnetics's investors?
Kite Magnetics's investors include Breakthrough Victoria, Boson Ventures, Galileo Ventures, Investible Climate Tech Fund, Possible Ventures, SQM Lithium Ventures.
Where is Kite Magnetics headquartered?
Kite Magnetics is headquartered in Victoria, AU.