Biased magnetic flux produced by a permanent magnet can reduce the power consumption of the suspension system in bearingless motors or magnetic bearings. However, the ability to generate suspension biased magnetic flux with a single permanent magnet tends to be saturated with the increase of the magnetising width. In order to solve the above problem, an axially superposed permanent magnet biased bearingless motor, which consists of a 12/8 reluctance motor for producing torque and two permanent magnets for producing desired biased magnetic flux density is present. The structure and working principle are introduced, and the electromagnetic characteristics are analysed by finite element analysis. The results verify that the proposed bearingless motor has the excellent merits of weak coupling between the torque system and suspension force and satisfactory suspension performance. Furthermore, much more biased permanent magnets could also be used for the suspension system of ultra-high speed, high power and slender bearingless motors such as flywheel energy storage systems.