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Tau Group closes €11 million extension to series-B round to fuel growth and production capacity

February 15, 2024

Tau Group is setting a new global standard in electric motor insulated wire, and they successfully closed a €11 million extension to its Series-B funding round.

The round was led by CDP Venture Capital and Santander Alternative Investments (through Santander InnoEnergy Climate Fund), with continued support from existing investors. This funding coincides with Tau’s expansion of production capacity at a new facility, aimed at fulfilling long-term supply agreements recently signed with automotive industry partners.

The company’s focus is 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 to advance in sustainable magnet wire manufacturing, the additional funding sets the stage for an exciting chapter of growth and impact on a global scale. The funds raised in this extension will propel Tau Group’s growth trajectory, enhancing its ability to achieve ambitious goals. This investment 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. The company remains dedicated to advancing sustainability, fostering innovation, and contributing to the broader goals of the energy transition.