Tau Group in a €10.25m series-A round

Tau, a Turin, Italy-based manufacturing startup, raised a €10.25m series-A capital funding round.

The money was raised from Finindus, a Belgium-based investment company financed by ArcelorMittal and the Flemish Region, and a top-up by German specialty chemicals company Altana. Altana previously invested in Tau in February 2021.

Tau, founded in 2015 by CEO Francesco Taiariol and Filippo Veglia, developed what they call the DryCycle technology, aiming to set a new standard of wire coating. The strict use of solvent-free polymers eliminates the emission of harmful VOC and greenhouse gases while a simplified production process minimizes the use of resources, reducing energy consumption and waste. Tau’s LILIT technology provides the essential inline quality control to assure reliability of polymer insulation in magnet wire and electrical steel.

Tau's high-performance wire combines minimized partial discharge, high filling factors, greater temperature resistance, high-voltage and frequency optimization and enables global producers of electric motors, cars, buses, trucks and aircraft to double the power output of future traction motors while keeping their size.