MAGMENT

Market position

Magment describes itself as a pioneer and global leader in hands-free wireless charging and as the only company worldwide offering magnetizable concretes for inductive applications. Its stated mission is to lead the global market in magnetizable composite materials integrated into infrastructure and large-scale systems. It frames the transformer market opportunity around an aging grid, a supply backlog it puts at over 30 months, and demand from data centers, large-scale battery storage, distribution-transformer replacement and EV fast charging.

Magment positions magnetizable concrete as a platform material rather than a single product, arguing it combines magnetic performance with structural strength and can be molded to any size or shape. For transformers, the company points to casting the magnetic core around the coils for magnetic coupling, oil-free and epoxy-free construction for fire safety, electronic voltage control with continuous monitoring, dual circuitry for fault tolerance, and production via conventional precast techniques that allow local manufacturing. It also cites patented magnetizable concrete, proprietary insulating materials and winding technologies, and in an earlier description called itself the only company worldwide offering magnetizable concretes for inductive applications.

Technology

The core technology is magnetizable concrete: recycled ferrite particles embedded in a specially engineered cementitious matrix, achieving high filling and densification without applied pressure. The material serves as a magnetic core that can be molded to arbitrary size and shape and cast using conventional precast methods. Applications include high-frequency magnetic cores for solid-state transformers, inductive components, and stationary and dynamic wireless power transfer. The proprietary MC60 grade was scaled to industrial production at 10x volume with performance characterized at 25 kHz and 25°C. Magment has also built a high-frequency magnetic loss measurement and predictive modeling platform combining a high-power high-frequency amplifier with precision instrumentation. MagPower SSTs use electronic voltage control at frequencies roughly 1,000 times higher than conventional transformers, dual circuitry, and cores cast around primary and secondary coils, with no oil or epoxy.

Go-to-market

Magment sells directly to industrial and infrastructure customers, with inquiries routed to a company contact address, and works with partners; it describes an experienced team of engineers, inventors, marketers and industry experts alongside strong partners. It publishes technical news items and white papers on its own site, participates in EU-funded innovation programmes such as the European Innovation Council Accelerator and the CoReCo project, and used the Indiana IoT Lab to develop products and partnerships for the US micromobility market.

Operators and suppliers of electrified infrastructure: data centers, large-scale battery storage facilities, utilities replacing aging distribution transformers, EV fast-charging park operators, road authorities, warehouse and logistics operators using forklifts and industrial robots, shared electric scooter providers, and electric vehicle fleets such as e-taxis. The company also cites delivery robots, automated parking systems and autonomous vehicles as next target sectors.

Geography

Headquartered in Oberhaching near Munich, Germany, with earlier registration in Unterhaching. The company expanded to the United States by joining the Indiana IoT Lab in Fishers, Indiana, where it based IoT development, and describes the US market as a top priority. Market messaging references the EU and North America.

History

The company was incorporated in September 2015 as MAGMENT UG in Unterhaching, Germany, describing itself at the time as the only company worldwide offering magnetizable concretes for inductive applications and reporting three employees at the "full product ready" stage. It later expanded to the United States by joining the Indiana IoT Lab in Fishers, Indiana, where it relocated and grew its IoT development team for the MagDock and MagScoot micromobility products. Magment was subsequently selected by the European Commission as one of 99 start-ups and SMEs in a European Innovation Council Accelerator funding round totalling EUR 627 million. The business now operates as Magment Energy GmbH from Oberhaching near Munich, and has shifted emphasis from wireless charging alone toward power transmission infrastructure, publishing a series of technical results in 2026 including a 10x industrial scale-up of its MC60 magnetizable concrete, a high-frequency magnetic loss measurement platform, and a white paper on closing the performance gap between magnetizable concrete and ferrites.

Risks & controversies

The company's market sizing for MagPower rests on projections to 2030 for data centers, battery storage and EV fast charging rather than on reported deployments, and public disclosure of commercial traction, customer names and financial results is limited. Public funding is subject to programme conditions, and the company's own site notes that views expressed do not necessarily reflect those of the European Union or EISMEA.