- Tau, a Turin, Italy-based e-mobility and advanced materials startup, raised €6.75m in series A funding
- Backers also included a consortium of two leading Middle Eastern sovereign wealth funds, the Russian Direct Investment Fund (RDIF) and a German investment manager
- This round’s initial investment made by the corporate venturing arm of German specialty chemicals company Altana AG
- The funds will also used to speed up new product development, widen the product range of high-performance wires and to scale up industrial production to deliver to global producers
- Tau has developed DryCycle® technology, which sets a new standard of wire coating
- The company, which focused on applications for automotive, energy and agriculture, has some 40 employees across offices in Turin (Italy), Moscow (Russia) & Berlin (Germany)
