MAGTEC/Magnetic Systems Technology Ltd
Tailored Engineering Solutions for Electric Vehicle Drive Systems.
Tailored Engineering Solutions for Electric Vehicle Drive Systems.
MAGTEC - Tailored engineering solutions for electric drive systems for commercial vehicles.
Magtec, founded in 1992, is a UK based company specialized in designing and manufacturing electric drive systems and components for various vehicle types, including off-road multi-wheeled and tracked military vehicles. As the largest UK manufacturer in this field, Magtec operates from its facilities in Sheffield, United Kingdom.
Notably, the company received a significant £6.00M grant investment on 24 June 2020 from the Advanced Propulsion Centre UK. This investment reaffirms Magtec's strategic position within the manufacturing industry and its potential for continued growth and innovation.
Magtec's commitment to tailored engineering solutions and its robust track record in providing electric drive systems for commercial vehicles solidifies its position as a key player in the industry. With the support of this recent investment, Magtec is poised for further expansion, product development, and advancements in electric drive technology.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Grant | £6.00M | 1 |
|
24 Jun 2020 |
| Venture Round | €1.47M | 1 | EASME - EU Executive Agency for SMEs | 03 Jan 2016 |
No recent news or press coverage available for MAGTEC/Magnetic Systems Technology Ltd.
We care about your data, and we'd love to use cookies make your experience better.
