TLDR:
– Tau Group, an energy transition and decarbonization technology company based in Turin, Italy, has raised €11M in a Series-B extension funding round.
– DP Venture Capital and Santander Alternative Investments led the round, with participation from existing investors.
– The funds will be used to expand production capacity in a new facility.
Tau Group has secured €11M in a Series-B extension funding round, with investments led by DP Venture Capital and Santander Alternative Investments. The Turin-based company specializes in energy transition and decarbonization technology. It plans to use the funds to enable the expansion of its production capacity at a new facility. Tau Group’s patented technologies focus on carbon-conscious protective coatings for high-performance copper, aluminum, and steel wires. These technologies are essential for sustainable motors, transformers, and generators in the context of the growing electrification of transport. CEO Francesco Taiariol expressed his satisfaction with the investment, calling it a “pivotal moment” and a confirmation of the company’s commitment to sustainable technology. Taiariol believes that with the support of the investment partners, Tau Group can accelerate the adoption of e-mobility and positively impact the global transportation landscape.
