Raue has advised Turin and Berlin-based technology start-up Tau ACT GmbH (“Tau”) on its Series B financing round with a volume of €9 million. This time, Solvay Ventures joined Tau as the new lead investor. Solvay Ventures is Solvay’s venture capital fund and invests in new technologies for advanced materials, devices as well as business models. The financing round also included previous investors such as Finindus N.V., an investment company founded by the international steel group ArcelorMittal and the Belgian region of Flanders.
Tau has established itself as an innovative supplier to the automotive industry, setting a new global standard for winding wire for e-mobility. Tau reached a major commercial milestone when its wire products completed the validation processes of several automotive OEMs and Tier 1 suppliers in Europe, Asia and North America. Currently, Tau is expanding its manufacturing capabilities and preparing for a CO2-neutral production of winding wire in Italy.
Raue advised Tau on all legal aspects of the financing round. Raue had already extensively advised Tau in its Series A financing round in 2020 and 2021.
About Tau
Tau focuses on automotive, energy and agricultural applications, making protective coatings for copper, aluminum and steel wire more durable, resistant and lightweight. Tau’s DryCycle and LILIT technologies meet the demands of the automotive electric industry for ever smaller, lighter, yet more powerful and reliable electric motors. DryCycle technology offers higher performance, better sustainability and greater wire reliability. By using only solvent-free polymers, DryCycle reduces the production of harmful volatile organic compounds during the coating process, thereby lowering carbon dioxide emissions.
(15 February 2023)