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Tau: Raises €6.75M in Series A Series A Funding

February 5, 2021

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)