Tau Group, a leading technology company driving energy transition and decarbonization efforts establishing a new global standard in electric motor insulated wire, announced it successfully closed a €11 million extension to its Series-B funding round. And CDP Venture Capital and Santander Alternative Investments (through Santander InnoEnergy Climate Fund) took the lead in this round, with continued support from existing investors. This strategic funding round 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, which specializes in decarbonizing energy and electrifying transport. And the company’s patented technologies balance sustainable and resource-minimizing manufacturing and the robust performance required for effective electrification. The company’s focus on carbon-conscious protective coatings for high-performance copper, aluminum, and steel wires has positioned them as a key player in advancing smaller, greener, longer-lasting, and more powerful motors, transformers, and generators.
As Tau Group continues advancing in sustainable magnet wire manufacturing, the additional funding sets the stage for an exciting chapter of growth and impact on a global scale. And the funds raised in this extension will propel Tau Group’s growth trajectory, enhancing its ability to achieve ambitious goals.
This funding round will play a pivotal role in scaling up production capacity, a crucial step in meeting the demands arising from Tau Group’s recent long-term supply agreements within the automotive sector. And the company remains dedicated to advancing sustainability, fostering innovation, and contributing to the broader goals of the energy transition.
KEY QUOTES:
“This €11 million investment represents a pivotal moment for Tau Group and reinforces our commitment to leading the charge in sustainable technology. 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.”
– Francesco Taiariol, CEO and Co-founder at Tau Group
“The revolutionary 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. The new funding will support Tau production capacity through a new plant and new production lines targeted at fulfilling the increasing demand from the international automotive sector. Tau represents an ideal target for CDP Venture Capital’s cvc fund helping companies creating bridges between large industrial groups and the new disruptive solutions.”
– Enrico Filì, Head of IndustryTech sub-fund of Corporate Partners I fund, CDP Venture Capital
