1 The EIC Accelerator Project

The EIC Accelerator program, part of the European Innovation Council (EIC), is designed to support small and medium-sized enterprises (SMEs) and startups with groundbreaking innovations and high growth potential. Its primary aim is to facilitate the development and scaling of disruptive technologies and innovative solutions across various sectors, particularly in deep tech and sustainability. The program offers blended finance, which includes both grants and equity investments, to assist companies in transitioning from the prototype stage to commercialization.

Grant and Equity Funding Structure

Under the EIC Accelerator, companies can receive a grant of up to €2.5 million. This grant is primarily aimed at supporting projects during their early development phases, covering costs related to research, development, and innovation activities. The grant can significantly reduce the financial burden on startups and SMEs, allowing them to focus on advancing their technologies and bringing them to market.

In addition to the grant, the EIC Accelerator provides equity funding, which is structured to encourage private investments. Until 2024, companies can access equity investments of up to €15 million, aimed at helping them scale operations, enhance market presence, and attract additional private sector funding. From 2025 onward, this equity cap is adjusted to €10 million. This financial model is crucial, as it not only supports the initial phases of innovation but also boosts the company's ability to secure further investments from the private sector, demonstrating a commitment to leveraging public funds to stimulate private capital inflow.

Purpose in the European DeepTech and Startup Ecosystem

The EIC Accelerator plays a pivotal role in the European startup ecosystem by identifying and supporting high-potential innovations that can drive economic growth and address societal challenges. It specifically targets deep tech sectors, which encompass advanced technologies based on scientific discoveries and engineering innovations. By providing financial resources and guidance, the EIC Accelerator empowers companies to overcome typical barriers to entry, including high R&D costs, lengthy development timelines, and the complexities of market validation.

The program also fosters collaboration between startups and established industries, enhancing knowledge transfer and enabling innovative solutions to integrate into existing market frameworks. This ecosystem approach enhances the overall competitiveness of European businesses on a global scale.

Case Study: MAGMENT GmbH and the MagCharge Project

MAGMENT GmbH, a German startup, emerged as a winner of the EIC Accelerator for its project, MagCharge. This project focuses on developing an efficient and robust wireless inductive charging system specifically designed for material handling electric vehicles. The innovative technology aims to streamline the charging process, thereby improving operational efficiency and reducing downtime in logistics and manufacturing environments.

Technology Basics and Background

The MagCharge system is based on inductive charging technology, which utilizes electromagnetic fields to transfer energy between two coils—one installed on the ground and another on the vehicle. This method eliminates the need for physical connectors, allowing for seamless charging as the vehicle approaches the charging station. The design emphasizes robustness and efficiency, addressing common challenges such as misalignment and energy loss during the charging process.

The technology is particularly relevant in the context of increasing electrification in material handling operations, where electric vehicles are becoming more prevalent due to their lower emissions and operational costs. The MagCharge system not only facilitates quicker turnaround times but also supports the broader transition toward sustainable energy solutions in industrial applications.

MAGMENT GmbH's participation in the EIC Accelerator program has enabled the company to secure the necessary funding to refine its technology, conduct extensive testing, and prepare for market entry. By leveraging both the grant and equity components of the EIC Accelerator funding, MAGMENT GmbH is positioned to scale its operations, attract additional investments, and make a significant impact on the electric vehicle charging landscape.

In summary, the EIC Accelerator program serves as a crucial catalyst for innovation, enabling promising companies like MAGMENT GmbH to realize their potential and contribute to the advancement of technology in the European market. The support provided through grants and equity funding plays a vital role in fostering the growth of deep-tech startups and enhancing the overall competitive landscape.

2 The Funding Rounds

Magment GmbH: A Leader in Wireless Charging Technology

Magment GmbH, a German-based company, specializes in developing magnetizable concretes for electromagnetic solutions, particularly in dynamic wireless charging infrastructure for electric vehicles. Founded in 2015, the company has been at the forefront of innovative charging technologies and has received significant recognition for its efforts.

Financing and Funding Rounds

Magment GmbH has raised a total of $120,000 over three funding rounds, with its latest round being a Corporate Minority investment on August 10, 2022. The company was also part of the European Innovation Council's largest-ever funding round, where 99 innovative start-ups and SMEs received EUR 627 million to bring their technologies to market. Magment was selected following a rigorous process involving expert assessments and interviews with experienced investors.

Timing and Amount of Funding Rounds

• Dec 2019: The first funding round details are not explicitly disclosed, but it marked an early stage in Magment's financing journey.
• Oct 2021: Another round occurred, although specific details about the investors and amounts are not available.
• Jun 2022: A funding round took place, with no specific information on the amount or investors.
• Aug 2022: The latest disclosed funding round was a Corporate Minority investment.
• Feb 2024: There is a mention of a funding event, but details are not provided.

Investor Information

While specific investor names are not detailed for Magment's funding rounds, the company's participation in the European Innovation Council's funding program indicates support from EU funding initiatives. Additionally, Magment collaborates with companies like Heritage Environmental Technologies for projects in wireless EV charging.

Company Valuations

There is no specific information available on Magment GmbH's valuation at this time.

Exit Events

As of now, there are no reported exit events such as IPOs, buyouts, or acquisitions for Magment GmbH.

Expansion and Operations

Magment GmbH has expanded its operations by establishing two U.S.-based companies, Magment Americas and Magment Federal, to serve B2B customers and work with government agencies. This strategic move aims to enhance its market presence and attract potential investors from the Americas.

Partnerships and Projects

Magment collaborates on significant projects, including the Indiana wireless EV charging project and international initiatives in China. These partnerships highlight the company's commitment to advancing wireless charging technology globally.

Sources: - Magment is part of Largest-ever funding round from the European Innovation Council

• Magment company information, funding & investors
• Magment Stock Price, Funding, Valuation, Revenue & Financials
• Magment
• Magment company information, funding & investors

3 The Press Releases

Overview of Magment GmbH

Magment GmbH, a Munich-based company from Germany, is a pioneering developer of magnetizable concrete and asphalt technologies for wireless power transfer. Since receiving the EIC Accelerator funding on October 6, 2021, Magment has made significant advancements in wireless charging infrastructure, particularly in dynamic wireless charging for electric vehicles and micromobility solutions.

Technology Advancements

• Magnetizable Materials: Magment has developed innovative magnetizable concrete and asphalt materials, such as Magnetizable Asphalt (MA) grade MA80™ and Magnetizable Concrete grade MC120™. These materials enhance the efficiency of wireless power transfer and are designed for on-site installation, facilitating the construction of electrified roads and infrastructure for dynamic charging of electric vehicles.
• Core Loss Reduction: Magment's research has focused on reducing core losses under pressure, which is crucial for improving the efficiency of magnetic materials used in wireless charging applications. This breakthrough was presented at the prestigious MMM-INTERMAG 2025 conference.

Partnerships

• Heritage Environmental Technologies LLC: Magment entered into a joint development agreement with Heritage Group, a major asphalt producer in the U.S., to explore and develop magnetizable asphalt for dynamic wireless charging. This partnership aims to create cost-effective electrified roads using recycled magnetic materials, contributing to a sustainable circular economy.
• Expansion in the Americas: Magment established two U.S.-based companies, Magment Americas and Magment Federal, to serve B2B and government markets, respectively. This strategic expansion aims to enhance partnerships and increase visibility for potential investors.

Team Updates

Leadership: The company is co-founded by Mauricio Esguerra, who serves as CEO, and Maximilian Wirth, who serves as COO. Esguerra leads the development of magnetizable concrete technology, while Wirth focuses on business growth and operational excellence.

Awards and Recognition

Solar Impulse Efficient Solution Label: Magment was awarded the prestigious Solar Impulse Efficient Solution Label for its innovative wireless charging solutions based on magnetizable building materials. This recognition highlights Magment's commitment to sustainable and efficient energy solutions.

Press Releases and Updates

Magment regularly updates its website with press releases and blog posts detailing its technological advancements, partnerships, and expansion strategies. These updates are available on the company's website and reflect its growth and innovation in the field of wireless charging.

Sources:

• Magment News
• Uncategorized Archives - Magment
• This is Magment | Dynamic Wireless Charging
• Magnetizable Asphalt (MA): Magment expands portfolio of patented magnetizable road construction materials for dynamic wireless charging through partnership.
• Magment, creates two US based companies to manage growing operations in the Americas
• Magment Sets Up Companies to Manage Growth in the Americas
• Leadership - Magment Technology
• Magment expands to USA
• Magment GmbH | Viva Technology

4 The Technology Advancements

MAGMENT GmbH, based in Oberhaching, Germany, specializes in the development and manufacture of magnetizable concrete and asphalt materials designed for dynamic wireless charging (DWC) infrastructure applicable to electric vehicles (EVs) and various logistics equipment. Since receiving EIC Accelerator funding on October 6, 2021, MAGMENT has made significant advancements across several dimensions including technology development, market demonstrations, product expansions, research publications, and patent activity.

Current Capabilities

MAGMENT's core technology revolves around patented magnetizable concretes and asphalts infused with recycled ferrite aggregates that enable efficient wireless power transfer. Their solutions address both stationary charging (e.g., parking lots) and dynamic charging scenarios where EVs can be charged while moving over electrified roads or floors. Key products include:

• Magnetizable Asphalt (MA): A proprietary material grade MA80™ featuring very low magnetic losses for ground pads enabling static or dynamic wireless charging embedded into road surfaces or parking areas.
• Magnetizable Concrete: Advanced grades such as MC120™ offering improved magnetic properties with increased aggregate volume fraction resulting in four times lower core losses compared to previous generations.
• MagDock: An intelligent docking station solution for micromobility devices like e-scooters deployed commercially across more than 50 European cities.
• MagPad: Wireless power transmitter pads installable on-ground or in-ground for applications including electric cars and automated guided vehicles (AGVs).

Their patented materials integrate into existing infrastructure with high robustness at low cost while promoting sustainability through the use of recycled components.

Technological Advancements Since EIC Funding

Since October 2021 funding approval:

• MAGMENT has expanded its portfolio of patented magnetizable road construction materials specifically aimed at enabling highly efficient electrified roads capable of delivering energy dynamically to EVs.
• The company published new white papers detailing breakthroughs such as why magnetic construction materials improve wireless power transfer performance significantly versus traditional approaches. They also released detailed datasheets on their second-generation magnetizable concrete MC120™ showing major improvements in permeability and reduced magnetic core loss by a factor of four.
• Research teams completed a preprint study titled “The Effect of Hydrostatic Stress on Magnetic Properties of Mn-Zn Power Ferrites,” highlighting how pressure affects ferrite-based tile performance used in WPT systems—important insights guiding material reliability under load conditions.

Market Demonstrations & Pilots

MAGMENT has actively demonstrated its technologies with customers through multiple pilots:

• MagDock stations are deployed widely across Europe serving micromobility fleets providing hands-free wireless charging without plug-in hassles. This product is commercially available now.
• MagPad transmitters have been tested successfully both indoors for warehouse optimization using AGVs/AMRs and outdoors at public/private vehicle parking locations demonstrating durability under real-world conditions.
• Magment’s flagship project "MagRoad" aims to serve as a reference point for developing new standards around dynamic road electrification. The company participates in pioneering projects such as the Indiana Department of Transportation (INDOT) collaboration with Purdue University to develop the first contactless wireless-charging highway segment using Magment’s innovative magnetizable concrete technology. This multi-phase project involves pavement testing followed by constructing a quarter-mile testbed intended eventually to charge heavy trucks at high power (>200kW). CEO Mauricio Esguerra highlighted this initiative as setting an affordable standard for sustainable transportation electrification.

Additionally, MAGMENT is expanding its footprint globally by establishing subsidiaries focused on business-to-business markets throughout North/Central/South America aiming to initiate pilot programs there too.

Intellectual Property & Publications

MAGMENT currently holds two patent applications dating back prior to their EIC funding related broadly to inductive energy supply systems tailored towards electric/hybrid vehicles involving transformers/coils/wireless energy transfer concepts.

Post-EIC funding activities include publication efforts such as scientific papers about material stresses affecting ferrites used within their products alongside whitepapers advocating magnetic building materials' advantages over conventional ones within WPT systems; these reflect ongoing R&D commitment supporting technological leadership.

They have also received prestigious recognition like certification from the Solar Impulse Foundation labeling their solutions an "Efficient Solution," underscoring innovation quality aligned with sustainability goals.

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Overall since winning the EIC Accelerator fund award in late 2021 until early 2025, MAGMENT GmbH has not only advanced its proprietary magnetizable concrete/asphalt technologies but translated these innovations into commercialized products actively demonstrated across Europe; initiated groundbreaking infrastructure projects including highway-scale pilots; published valuable scientific insights improving understanding of key material physics; expanded intellectual property holdings; gained industry recognition; and begun scaling operations internationally—all positioning them strongly within next-generation EV charging ecosystems focused on scalable zero-emission transport networks.

Sources

5 The Partnerships and Customers

Magment GmbH: Partnerships and Growth Strategies

Magment GmbH, a German company specializing in dynamic wireless charging solutions, has been expanding its presence globally, particularly since receiving the EIC Accelerator funding in October 2021. This funding has supported Magment's innovative approach to wireless charging infrastructure, particularly for electric vehicles (EVs) and other electric mobility solutions.

Partnerships and Customers

Magment has established significant partnerships to enhance its market presence and technology advancements:

• Heritage Environmental Technologies LLC: Magment entered into a joint development agreement with Heritage to explore new technologies for dynamic wireless charging of electric vehicles using magnetizable asphalt. Heritage is a major asphalt producer in the U.S. and has been an investor in Magment since 2019.
• Viva Technology: Magment participates in Viva Technology, a platform that connects startups with global partners and investors, further expanding its network and visibility in the tech and mobility sectors.
• Purdue University: Magment has collaborated with Purdue University for lighthouse projects related to its MagDock product, indicating a focus on academic and research partnerships.

New Partners and Customers

While specific new partners or customers since 2021 are not detailed in the available information, Magment's expansion into the Americas through the establishment of Magment Americas and Magment Federal indicates a strategy to engage with new customers and partners in North, Central, and South America.

Nature of New Relationships

The new relationships and partnerships are primarily aimed at advancing Magment's wireless charging technology, particularly in the dynamic charging sector. These collaborations are focused on integrating magnetizable concrete and asphalt into urban infrastructure to support sustainable transportation solutions. The partnerships also facilitate access to new markets and enhance visibility for potential investors.

Market Positioning

Magment's partnerships and expansions position the company as a leader in the wireless charging industry, particularly in the electric mobility sector. By integrating innovative technologies into infrastructure projects, Magment enhances its global presence and supports the shift towards sustainable transportation solutions.

Technology Advancements and Scaling

These relationships are crucial for Magment's technology advancements by providing access to resources and expertise that help refine its wireless charging solutions. For instance, the collaboration with Heritage Environmental Technologies LLC is expected to lead to the development of market-ready magnetizable asphalt solutions, which will be key for cost-effective and efficient electrification of roads. Additionally, the partnerships support Magment's scaling efforts by expanding its global footprint and enhancing its capacity to deliver large-scale projects in dynamic wireless charging.

Sources

• Magment, creates two US based companies to manage growing operations in the Americas
• Magment GmbH
• MAGMENT, DYNAMIC WIRELESS CHARGING
• Magment Sets Up Companies to Manage Growth in the Americas
• Magnetizable Asphalt (MA): Magment expands portfolio of patented magnetizable road construction materials for dynamic wireless charging through partnership

6 The Hiring and Company Growth

Since receiving the EIC Accelerator funding in October 2021, MAGMENT GmbH, based in Oberhaching, Germany, has maintained a founder-led international team focused on advancing their magnetizable concrete technology for wireless charging infrastructure. The leadership includes CEO and Co-Founder Mauricio Esguerra and COO and Co-Founder Maximilian Wirth, both pivotal in driving the company’s technology development and business growth.

Team Size and Growth
While exact current headcount numbers are not publicly detailed, MAGMENT is described as a corporate minority-stage company with ongoing operations since its founding in 2015. The team is characterized as multi-expertise and international but remains relatively lean compared to larger corporations. There is no explicit data on recent headcount growth or total current team size available from public sources.

Hiring Status and Key Positions
There are no direct indications that MAGMENT is currently hiring or details of recent hires publicly disclosed. The leadership page mentions key roles such as Project Management (Miroslav Tesic), CEO Americas (Rafael M. Acevedo), and Business Development (Camilo Ruiz), which suggests strategic expansion into global markets like the Americas but does not specify if these represent new hires or long-standing members.

Impact of Team Composition on Future Growth
MAGMENT’s leadership focus on combining technical innovation with operational excellence underlines how their core team supports scaling efforts. Mauricio Esguerra drives R&D for magnetizable concrete technology aimed at revolutionizing electrification infrastructure globally across industries including transportation and data centers. Maximilian Wirth’s expertise in finance and operations helps integrate solutions into diverse markets efficiently. This balanced leadership ensures the company can scale its product offerings while navigating business complexities.

Management Changes or Founding Team Updates
No major changes to management or founding teams have been reported since their EIC Accelerator award date in late 2021; Mauricio Esguerra remains CEO with co-founder Maximilian Wirth as COO. This stability likely provides consistent strategic direction during their growth phase.

In summary, MAGMENT GmbH maintains a stable founder-led international team emphasizing innovation in wireless charging technology post-EIC funding without public evidence of significant recent hiring surges or major management shifts. Their existing key personnel positions suggest readiness to scale through technical development combined with strategic market expansion capabilities.

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Sources:

• Magment - CB Insights
• Magment Leadership
• Magment Official Website

7 The Media Features and Publications

Media Coverage and Public Engagement of MAGMENT GmbH Post-EIC Accelerator Funding Since receiving EIC Accelerator funding in October 2021, MAGMENT GmbH has expanded its media footprint and industry presence through cutting-edge wireless charging innovations. Below is a structured overview of their public engagements:

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Media Features

• CNBC Feature: Showcased in a segment titled “Tech that Allows EVs to Charge While Driving”, highlighting their magnetizable concrete for dynamic EV charging.
• The New York Times: Profiled as part of a series on the Future of Transportation, emphasizing their role in advancing road electrification.

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Publications and Whitepapers

• Material Datasheets: Released technical specifications for products like MA80™︎ Magnetizable Asphalt (low-loss infrastructure) and MC120™︎ Magnetizable Concrete (4x lower core losses).
• Research Papers: Published findings on Mn-Zn ferrite performance under stress, revealing critical insights into material durability for wireless power transfer (WPT).

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Podcasts and Interviews

SurveyBooker Sessions Podcast: CEO Mauricio Esguerra discussed magnetic concrete’s environmental benefits, recycling process, and logistics applications (e.g., warehouse robotics). Topics included efficiency comparisons between wired/wireless systems and installation processes.

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Conference Participation

• 2025 Joint MMM-Intermag Conference: Scheduled keynote presentation on January 16, 2025, focusing on magnetics advancements.
• Viva Technology Paris: Exhibited at Booth M24-006 under the Mobility/Transportation category to showcase MagRoad dynamic charging solutions.

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Event Involvement

• Pilot Deployments: Partnered with Purdue University (USA) and European cities like Munich/Paris for MagDock pilot programs targeting e-scooter charging.
• Global Expansion Launches: Established subsidiaries (Magment Americas and Magment Federal) to drive adoption in North/South American government/logistics markets.

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Sources Used:

(Note: Corrected URLs use "magent" instead of "magm-ent"; verify exact links via MAGMENT's official channels.)