Tau Group explained that it has established a new global standard in electric motor insulated wire. They announced being successfully closed to a €11 million extension to its Series-B funding round.
CDP Venture Capital and Santander Alternative Investments took the lead in this round, with continued support from existing investors. This strategic funding aligns with Tau’s concurrent expansion of production capacity in a new facility, geared towards fulfilling long-term supply agreements recently inked with automotive industry partners. Tau Group stands at the forefront of the energy transition, specializing in the decarbonization of energy and electrification of transport. The company’s patented technologies strike a balance between sustainable, resource-minimizing manufacturing and the robust performance required for effective electrification. The focus is on carbon-conscious protective coatings for high-performance copper, aluminum, and steel wires.
«This €11 million investment represents a pivotal moment for Tau Group and reinforces our commitment to leading the charge in sustainable technology,» said Francesco Taiariol, CEO and Co-founder at Tau Group, «With the support of CDP Venture Capital and Santander InnoEnergy Climate Fund, we are poised to accelerate the adoption of e-mobility, bringing about positive change in the global transportation landscape.»
Enrico Filì, Head of IndustryTech sub-fund of Corporate Partners I fund, CDP Venture Capital, comments «The technology patented by Tau Group promises to significantly improve conductor performance, providing a competitive advantage in the industry and paving the way for more sustainable solutions in the world of electrical conduction».
