Monash spinout Kite Magnetics secures AU$3.6M funding to radically improve electric vehicle efficiency
By API User
Kite Magnetics, a pioneering spinout from Monash University, has secured AU$3.6M (US$2.2M) in funding from SQM Lithium Ventures to advance Aeroperm®, a revolutionary nanocrystalline magnetic material designed to enhance the efficiency of electric motors and generators. Aeroperm® significantly increases the efficiency of electric motors, enabling electric vehicles to travel farther on a single charge. This … Continued