Tau Group, a Turin, Italy-based energy transition and decarbonization technology company, raised €11M in Series-B extension funding.
The round was led by DP Venture Capital and Santander Alternative Investments (through Santander InnoEnergy Climate Fund), with participation from from existing investors.
The company intends to use the funds to align concurrent expansion of production capacity in a new facility.
Led by CEO Francesco Taiariol, Tau Group is a technology company working for the energy transition, decarbonization of energy and electrification of transport. Its patented technologies combine the necessity of sustainable, resource-minimizing manufacturing with the performance that electrification requires for sustainable motors, transformers and generators. 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 focus on carbon-conscious protective coatings for high-performance copper, aluminum, and steel wires.
Commenting on the news, Francesco Taiariol said: “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.”