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Magnetic Systems Technology

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Electric drive systems and vehicles for commercial fleets

Rotherham, United KingdomFounded 1992Transportation
Revenue $10–50M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Magnetic Systems Technology

Magtec designs, manufactures and integrates electric and hybrid drive systems for commercial, defence and rail vehicles. Its in-house technology covers permanent magnet traction motors, gearboxes, power controllers, high-voltage battery systems and condition monitoring, with design and production at its facility in Rotherham, South Yorkshire.

The company sells complete electric trucks, including the type-approved MEV75 7.5-tonne and MEV190 19-tonne models, and repowers existing diesel buses, refuse collection vehicles and heavy goods vehicles to battery electric. It also supplies drive system rafts direct to OEM production lines, the MAGPAC battery pack for construction, agricultural and industrial equipment, and permanent magnet motors for naval pumping and fan applications.

Customers include fleet operators, local authorities, OEMs, rail operators and defence organisations. Magtec earns revenue from vehicle and component sales, repower projects and aftermarket service and support.

Source: Dealroom company data

At a glance

Founded
1992
Headquarters
Rotherham, United Kingdom
Sector
Transportation

Investors

3 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed3 investors entered at this stage

  • European Innovation Council
  • Advanced Propulsion Centre UK
  • UK Research and Innovation
Team profiled 2 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇬🇧 United Kingdom100%
1 country shown

Market sentiment

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