.png)
This investment enables Tau Group to expand its capacity to meet the rising demand for sustainable magnet wire solutions, supporting the global shift towards electrification.
Turin, October 30, 2024. Tau Group secures €1.5 million investment from MITO Tech Ventures, a venture capital firm focused on accelerating innovative technologies for environmental transition and decarbonisation towards the Net Zero goal.
MITO Tech Ventures's investment is an extension of Tau Group's recent strategic Series-B funding round. In January 2024, the company raised €11 million in this round. The additional capital, along with the support of Tau Group’s existing investors — Syensqo, Finindus, Altana AG, CDP Venture Capital, and Santander Bank (through the Santander InnoEnergy Climate Fund) — will further accelerate the company's growth and expand its production capacity.
Tau Group’s patented technologies enable sustainable and resource-efficient manufacturing, delivering the high performance essential for electrification. The company plays a pivotal role in the development of smaller, greener, and more powerful electric motors, transformers, and generators through its advanced magnet wire solutions.
“MITO Tech Ventures's commitment to sustainable development aligns seamlessly with our core values and vision,” stated Francesco Taiariol, CEO and Co-founder of Tau Group. “This strategic investment will not only allow us to expand our production capabilities but also accelerate advancements in the electrification of transportation and energy systems, driving meaningful change towards a more sustainable and resilient future.”
Alberto Calvo, Managing Director of MITO Tech Ventures said: “The electrification of processes and consumption requires the development of radically innovative and environmentally friendly technological solutions. Tau brings unique, state-of-the-art solutions to the market, which will enable entire industrial sectors to make their products and services more efficient in a sustainable way. We fully share the vision and strategies of the entrepreneurial team to build a future of low-emission applications in this sector. As investors, we strongly support the company's growth path, with the goal of seeing it become an undisputed leader in its field.”
About Tau Group
Tau is a technology company at the core of energy transition, decarbonization of energy and electrification of transport. Its patented technologies reconcile the necessity of sustainable, resource-minimizing manufacturing with the power, reliability and performance that electrification requires to enable smaller, greener, longer-lasting and more powerful motors, transformers and generators. Tau focuses on carbon-conscious protective coatings for high-performance and standard copper, aluminium and steel wires.
Visit www.tau.group or follow Tau on X and LinkedIn
About MITO Technology
MITO Technology is an advisor to venture capital funds focusing on technologies generated by universities and research centers, mainly in Italy. It has a team of professionals with transversal skills ranging from technology transfer to intellectual property management and business strategy. Young PhDs with solid scientific backgrounds have joined the team. In 2018, MITO Technology launched its first vintage, Progress Tech Transfer, dedicated to technologies for sustainability. In 2024, MITO Technology announced the launch of its second vintage, MITO Tech Ventures, which invests in technologies for ecological transition and decarbonization, towards the goal of net zero.
Visit www.mitotech.eu or follow MITO Technology on LinkedIn
