🌍✨ Kite Magnetics secures A$2-million grant to scale Aeroperm motor core material
Why we’re watching: Melbourne-based advanced materials company Kite Magnetics has secured an A$2-million grant (about US$1.4 million) through the Australian Government’s Industry Growth Program, funding an A$4.1-million project to commercialize its Aeroperm stator core mater…
The money will go toward scaling the company’s pilot manufacturing line in Victoria, generating automotive-grade validation data and delivering prototypes to customers. 💚
Kite Magnetics expects the work to move Aeroperm from Technology Readiness Level 4 to Level 6.
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🔭 What to watch next
- 📌 Key signal: Melbourne-based advanced materials company Kite Magnetics has secured an A$2-million grant (about US$1.4 million) through the Australian Government’s Industry Growth Program, funding…
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Reporting curated for GreenTV. Original reporting via Charged EVs.