ITALY – Tau, a Turin, Italy-based energy transition technology company, raised €9M in funding.
The round was led by Solvay Ventures, with participation from Finindus, a Belgium-based joint venture of ArcelorMittal and the Flemish Region, as well as management and private individuals.The company is currently ramping up capacity, and is preparing industrial scale carbon-neutral winding wire production in Italy with the goal to start worldwide deliveries by 2024.Led by CEO Francesco Taiariol, Tau is a technology company that focuses on carbon-conscious protective coatings for high-performance and standard copper, aluminium and steel wires. The company has established itself as an innovative supplier to the automotive industry. Its wire addresses the industry’s demand for the next generation of electric motors with a reduced carbon footprint, using less resources and improving the electric vehicles’ efficiency, range and recharge time, notably through superior resistance to partial discharge and accommodating voltages of 800V and higher.Recently, Tau reached an important commercial milestone when its wire products completed diligent validation processes of several automotive OEM and Tier 1 suppliers in Europe, Asia and North America.01/02/2023
