Tau has successfully closed a €11 million extension to its Series-B funding round. 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 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. Their 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.

"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."