Raise closed, search for fresh raises on Seedstage

Cornwall On Hudson, NY

Launching next-generation smart charging products and expanding into retail with a system-based family of high-performance power solutions.

• Proven traction: Over $21 million in preorders and two prior sold-out offerings.
• System-based design: Integrated family of products that work seamlessly together.
• Retail expansion: Plans to enter brick-and-mortar stores starting in 2025.
• High-performance technology: Gen2 chargers aim to be among the fastest available.
• Experienced team: Leadership from Samsung, Tumi, and other major consumer brands.

MAGFAST is raising capital to bring to market its next generation of premium charging products, including Lightspeed, a high-performance line of chargers and power banks. With more than $21 million in preorders and a system-based approach that allows its products to work seamlessly together, MAGFAST aims to address a fragmented and underserved segment of the consumer electronics market. This funding round will support the rollout of its Gen2 product line, expansion into brick-and-mortar retail, and continued investment in its direct-to-consumer model. The company has already discontinued Gen1 products to focus development resources on what it believes are category-defining innovations in speed, integration, and design.

Unlike most competitors in the highly fragmented charging industry, MAGFAST focuses on delivering a cohesive family of products designed for long-term use and cross-compatibility. The upcoming Gen2 lineup includes fast-charging power banks, integrated charging stations, and ultra-durable cables—all designed around performance and customer experience. MAGFAST also plans to deepen its retail presence while maintaining its strong foundation in digital sales. With a leadership team that includes experienced executives from global consumer electronics and fashion brands, the company believes it is well-positioned to capture significant market share. This raise is intended to power continued product development, retail expansion, and brand-building efforts as MAGFAST positions itself as a category leader in premium, smart charging solutions.

Company Info

MAGFAST designs and sells premium, high-speed charging products that form a seamless, smart ecosystem for mobile devices.

MAGFAST is a consumer electronics company focused on developing premium charging products and power banks designed to meet growing global demand for faster, more intelligent device charging. The company addresses “low battery anxiety” with a unique system of magnetically connected, high-speed chargers and power banks that work seamlessly together. Unlike fragmented offerings in the current market, MAGFAST’s Gen2 product line builds on its original success with an integrated family of devices designed for speed, durability, and ease of use. These products include the Air Pro charging base and Lux Pro cables, combining advanced features like Qi2 wireless charging, high-speed USB-C ports, and patent-pending construction for performance and longevity.

MAGFAST has generated over $21 million in preorders through direct-to-consumer online marketing and is preparing to enter retail distribution in 2025. The company’s DTC model enables direct customer relationships and strong repeat business, supported by a growing intellectual property portfolio and experienced leadership team. MAGFAST differentiates itself through a cohesive product ecosystem and plans to expand both domestically and internationally. As global mobile device usage rises and wireless and fast charging become essential, MAGFAST is positioning itself to be a standout brand in a highly fragmented and rapidly growing market.