Currently, the biggest limitation of the adoption of electric aircraft is that they do not have enough range compared to conventional planes.Â

Richard's ability to shape-shift into his new role has displayed open-mindedness to learn new skills, coachability, and sheer determination to make sure the world knows Kite Magnetics created the highest-performing electrical motor.

As we continued getting to know Richard, we could see his commercial side coming out, and his determination shining through.Â

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This step-change in operating efficiency enables Kite Magnetics to build the world’s highest-performance electric motors and generators.Â

Although we were impressed by the technology Richard created, we were more impressed by how easily Richard shape-shifted from a researcher to a founder.Â

After much time spent as a researcher at Monash University in the field of advanced magnetic materials for high-performance electric motors, Richard could clearly identify the mass potential of  Aeroperm when he co-invented it with his advisor Professor Kiyonori Suzuki.Â

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If you’re a first-time founder looking to raise the first round - we want to hear from you! Apply today and we’ll aim to get back to you with real feedback from a real human.

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Beyond aviation, there is a growing demand for electric motors in the high-performance EV, the maritime industry, consumer goods, and even the space launch markets which Richard and his team have their eye on.Â

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Solving the limitations of the electric aircraft, Kite Magnetics has created the next generation of electric motors using a new magnetic material developed at Monash University by Dr Parsons and Professor Kiyonyoir Suzuki, called Aeroperm.Â

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Founded by first-time founder Dr. Richard Parson  Kite Magnetics is developing a new generation of smaller, lighter, and more efficient electric motors specifically for electric aircraft.

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Since launching in June, Kite Magnetics has secured $1.85M in funding from yours truly, Investible Climate Tech Fund, Possible Ventures, Boson Ventures, and Breakthrough Victoria to accelerate the arrival of new-generation aviation.

Aeroperm’s amazing nanocrystalline microstructure has an energy loss 10x smaller than the magnetic materials used in electric motors today and will allow up to 100km of additional flight range for electric aircraft with today's batteries.Â

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We’re excited to announce our investment in Kite Magnetics - Enabling electric aircraft to fly further, carry more and emit less.

The global aviation industry contributes about 3 times more to climate change than all of Australia’s emissions combined. It is predicted that by 2030 almost half of all flights could be on electric aircraft with roughly 45% of global flights being under 800 km.Â

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Today’s electric aircraft could greatly increase their range using a lighter and more efficient propulsion system, even with todays battery technology.Â

Their electric motors will enable electric aircraft of all sizes to fly further and carry more, reducing the costs to operate them and enabling sustainably powered aircraft to fly more routes sooner.

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