When was Magna founded?

Magna was founded in 1957 and raised its 1st funding round 4 years after it was founded.

Where is Magna located?

Magna is headquartered in Aurora, Canada. It is registered at Slavičín.

How many employees does Magna have?

As of Mar 31, 2025, the latest employee count at Magna is 167000.

Is Magna a funded company?

Magna is a funded company, having raised an undisclosed amount across 37 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Nov 13, 1961.

When was the latest funding round of Magna?

Magna's latest funding was a $***** Grant (prize money) round on Apr 26, 2024, with participation from 1 investor.

What is the annual revenue of Magna?

Annual revenue of Magna is more than $1B as on Dec 31, 2024

Where does Magna rank among its competitors?

Magna ranks 36th amongst 6703 active competitors, of which 105 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Wayve, which secured $60M in Apr, 2026.

Who are the top competitors of Magna?

Magna's top competitors include Mobileye, Cruise and Innoviz. Among them, Wayve secured the most recent funding round in April, 2026.

Magna - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Manufacturer and supplier of automotive components to OEMs . The company manufactures components such as bodies, chassis, interiors, exteriors, seating, powertrain, electronics, mirrors, closures and roof systems, and modules.

Website: www.magna.com/
Social
Email ID: *****@magna.com
Phone Number: +1 **********
Registered Address: Slavičín

Key Metrics

Founded Year

1957

Location

Aurora, Canada

Stage

Public

Latest Funding Round

Grant (prize money), Apr 26, 2024, $*****

Investors

St. Paul’s Lutheran Church & 6 more

Ranked

36^th among 6703 active competitors

Annual Revenue

$1B+ as on Dec 31, 2024

Employee Count

167,000 as on Mar 31, 2025

Investment & Acquisitions

Yuma Energy & 46 more

Similar Companies

Mobileye & 210 more

Exit Details

Public

View Magna's full profile

Magna is associated with 20 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
S & P International Company , spol. s r.o. CIN: 46973729 , Czech Republic, Active	Oct 02, 1992	-	-
MODUGNO s.r.o. CIN: 29368057 , Czech Republic, Active	Aug 23, 2012	-	-
PREMIUM AUTO s.r.o. CIN: 26768780 , Czech Republic, Active	Mar 19, 2003	-	-
Magna Exteriors (bohemia) S.r.o. CIN: 26195348 , Czech Republic, Active	Aug 21, 2000	-	-
Magna Corp, s.r.o. CIN: 24127345 , Czech Republic, Active	Jun 10, 2011	-	-
VV Acquisitions s.r.o. CIN: 19183577 , Czech Republic, Active	Mar 24, 2023	-	-
Czechgroup s.r.o. CIN: 07841019 , Czech Republic, Active	Jan 28, 2019	-	-
MAGA auto s.r.o. CIN: 07559151 , Czech Republic, Active	Oct 17, 2018	-	-
QLT Supply s.r.o. CIN: 06628800 , Czech Republic, Active	Nov 24, 2017	-	-
MAGNA CIN: 40103519570 , Latvia, Active	Mar 06, 2012	€0 - €1M (As on Dec 31, 2024)	26 (As on Dec 31, 2023)	-
Magna D CIN: 41503084053 , Latvia, Active	Jan 16, 2019	€0 - €1M (As on Dec 31, 2024)	9 (As on Dec 31, 2023)	-
MAHASARAKHAM BEVERAGE COMPANY LIMITED CIN: 0445556000502 , Thailand, Active	Sep 09, 2013	$50M - $100M (As on Dec 31, 2022)	-
INTER MAGNA d.o.o. CIN: 15331583198 , Croatia, Active	Jul 18, 2010	€0 - €1M (As on Dec 31, 2024)	-
Magna Cars d. o. o. CIN: 85868659897 , Croatia, Active	Sep 28, 2022	€1M - €10M (As on Dec 31, 2024)	-
MAGNA GEOTERMA d.o.o. CIN: 29300665245 , Croatia, Active	Sep 26, 2019	€0 - €1M (As on Dec 31, 2023)	-
Magna International Inc CIN: 0000749098 , United States, Active	Dec 31, 2022	$1B+ (As on Dec 31, 2024)	167000 (As on Mar 31, 2025)	-
Magna Mirrors Of America, Inc. CIN: 380493110 , United States, Active	Dec 31, 1999	-	688 (As on Dec 31, 2016)	-
MAGNA STEYR INDIA PRIVATE LIMITED CIN: U72200PN1997PTC014786 , India, Amalgamated	Sep 15, 1997	₹50 - ₹100 Cr (As on Mar 31, 2017)	-
VEHMA ENGINEERING SOLUTIONS (INDIA) PRIVATE LIMITED CIN: U73100PN2005FTC212526 , India, Active	Jul 19, 2005	₹10 - ₹50 Cr (As on Mar 31, 2025)	75 (As on Mar 01, 2026)
MAGNA AUTOMOTIVE INDIA PRIVATE LIMITED CIN: U34200PN2009FTC133906 , India, Active	May 07, 2009	₹1,000+ Cr (As on Mar 31, 2025)	3091 (As on Feb 01, 2026)

Magna got listed on Dec 20, 1962.

Click here to take a look at Magna's IPO in detail

Magna has raised funding over 37 rounds. Its first funding round was on Nov 13, 1961. Its latest funding round was a Grant (prize money) round on Apr 26, 2024 for $*****. 1 investor participated in its latest round. Magna has 7 institutional investors.

Here is the list of recent funding rounds of Magna:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 26, 2024	6483635	Grant (prize money)	1777108	5623906	2812578	1277979
Mar 04, 2024	2843020	Grant (prize money)	7192783	4646420	1273618	Ministerstvo Hospodárstva Slovenskej Republiky
Mar 01, 2024	2263509	Grant (prize money)	4594657	2402813	8632962	Ministerstvo Hospodárstva Slovenskej Republiky

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View details of Magna's funding rounds and investors

The founders of Magna is Frank Stronach. Swamy Kotagiri is the CEO of Magna.

Here are the details of Magna's key team members:

Frank Stronach: Former Founder of Magna.
Contact Info: 1 email address
Swamy Kotagiri: CEO of Magna.
Contact Info: 1 email address

View details of Magna's Founder profiles and Board Members

Magna's employee count trend

Magna has 167,000 employees as of Mar 25. Here is Magna's employee count trend over the years:

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Top competitors of Magna include Mobileye, Cruise and Innoviz. Here is the list of Top 10 competitors of Magna, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Mobileye 1999, Jerusalem (Israel), Public	Developer of automated driving systems and vehicle safety sensor technology	$530M	Sailing Capital, Goldman Sachs & 26 others	79/100
2nd	Cruise 2013, San Francisco (United States), Acquired	Platform offering solutions for autonomous car	$7.72B	Honda, SoftBank Vision Fund & 39 others	74/100
3rd	Innoviz 2016, Rosh Haayin (Israel), Public	Developer of LiDAR sensors and perception software for autonomous vehicles	$252M	Magna, China Merchants Capital & 31 others	74/100
4th	Pony.ai 2016, Fremont (United States), Public	The company specializes in developing autonomous driving technology for robotaxis, robotrucks, and POVs	$1.19B	Toyota Motor, HongShan & 34 others	73/100
5th	Uno Minda 1958, Gurugram (India), Public	Manufacturer of automotive components and systems for original equipment manufacturers	$260M	Motilal Oswal Private Equity, Kotak Mahindra Bank ... & 7 others	73/100
6th	Nuro 2016, Mountain View (United States), Series E	Developer of autonomous driving technology for automakers and mobility providers	$2.34B	T. Rowe Price, Connor, Clark & Lunn Financial Group ... & 28 others	72/100
7th	Wayve 2017, London (United Kingdom), Series D	Platform offering AI-enabled software for autonomous driving	$2.61B	Eclipse, SoftBank Group & 59 others	71/100
8th	Cooper Standard 1960, Novi (United States), Acquired	Global supplier of sealing, fluid handling systems, and material science solutions	$51.1M	-	69/100
9th	Momenta 2016, Beijing (China), Public	Developer of autonomous driving solutions for enhanced safety and urban mobility	$1.42B	SAIC Motor, Toyota & 32 others	68/100
10th	Tier4 Robotics 2015, Tokyo (Japan), Series B	Autonomous driving platforms and intelligent vehicle systems	$279M	JAFCO Group, Quanta Computer & 13 others	68/100
36th	Magna 1957, Aurora (Canada), Public	Manufacturer and supplier of automotive components to OEMs	-	St. Paul’s Lutheran Church, BAFA & 5 others	61/100

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Magna has made 28 investments in companies including Yuma Energy and Yulu. Magna has also acquired 19 companies including Trucks Logic and Optimus Ride.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Sep 01, 2026	Investments	Yuma Energy	2023	Bengaluru (India)
Jun 29, 2025	Investments	Yulu	2017	Bengaluru (India)
Jul 04, 2024	Investments	Cartken Robotics	2019	Tempe (United States)