Raue advised Turin-based e-mobility startup Tau on raising its Series A financing round to 6.75 million euros. New investors include consortium of leading sovereign wealth funds from the Middle East and Russia. Raue had already advised the company on its initial investment by Altana Group in 2020.
Tau plans to use the fresh capital to accelerate new product development, widen its range of high-performance wires and to scale up industrial production to deliver to global producers of electric cars, buses, trucks, aircraft and ships from 2022 onwards.
Raue advised Tau on all corporate, tax and IP issues related to the financing round.
Focused on applications for automotive, e-mobility, energy and agriculture, Tau makes protective high-performance insulation for copper, aluminum and steel wire more durable and resistant. Tau’s proprietary DryCycle and LILIT technologies meet the demands of electrical automotive engineering for ever smaller, lighter and yet more powerful and reliable electric motors. DryCycle technology reconciliates higher performance and power with greater sustainability and reliability in wire enameling. By using only solvent-free polymers, DryCycle reduces the production of harmful VOC during the coating process and lowers greenhouse gas emissions. Tau has offices in Turin (Italy), Moscow (Russia) and Berlin (Germany).
(5 February 2021)