Raue advises automotive supplier Tau on extended Series B for € 11 million

Photo: Prof. Dr. Andreas Nelle, Part­ner at RAUE in Berlin , Photo© Raue
23. Febru­ary 2024

Berlin — Raue has advi­sed the Turin and Berlin-based tech­no­logy start-up Tau ACT GmbH (“Tau”) on the exten­sion of its Series B finan­cing round from 2023 (Series B Exten­sion) with a volume of EUR 11 million. This time, CDP Venture Capi­tal and Santan­der Alter­na­tive Invest­ments joined Tau as new lead inves­tors. CDP Venture Capi­tal is an asset manage­ment company that mana­ges 13 invest­ment funds with a total volume of over EUR 3 billion that support young compa­nies in all phases of their life cycle. Santan­der Alter­na­tive Invest­ments, part of Santan­der Asset Manage­ment, mana­ges alter­na­tive invest­ment funds with a volume of two billion euros.

Tau has estab­lished itself as an inno­va­tive supplier to the auto­mo­tive indus­try and has set a new global stan­dard for winding wire for e‑mobility. Tau reached an important commer­cial mile­stone when its wire products comple­ted vali­da­tion proces­ses for seve­ral auto­mo­tive OEMs and Tier 1 suppli­ers in Europe, Asia and North America. Tau is curr­ently expan­ding its produc­tion capa­ci­ties and prepa­ring for CO2-neutral produc­tion of winding wire in Italy.

Raue advi­sed Tau compre­hen­si­vely on all legal issues in connec­tion with the finan­cing round. Raue had alre­ady advi­sed the startup compre­hen­si­vely in its Series A and B finan­cing rounds in 2020, 2021 and 2023.

About dew

Tau focu­ses on appli­ca­ti­ons in the auto­mo­tive, energy and agri­cul­tu­ral sectors and makes protec­tive coatings for copper, alumi­num and steel wire more dura­ble, resistant and ligh­ter. The DryCy­cle and LILIT tech­no­lo­gies deve­lo­ped by Tau meet the requi­re­ments of elec­tric auto­mo­tive tech­no­logy for ever smal­ler, ligh­ter and yet more powerful and relia­ble elec­tric motors. DryCy­cle tech­no­logy offers higher perfor­mance, better sustaina­bi­lity and grea­ter relia­bi­lity of the wire. By using only solvent-free poly­mers, DryCy­cle redu­ces the produc­tion of harmful vola­tile orga­nic compounds during the coating process, ther­eby lowe­ring carbon dioxide emissions.

Consul­tant Tau: Raue, Berlin

Prof. Dr. Andreas Nelle, Foto (Part­ner, Lead, Corporate/M&A, PE/VC), Chris­to­pher Gardt (Asso­ciate, Corporate/M&A, PE/VC), Dr. Michael K. Berg­mann (Part­ner, Regu­la­tory), Dr. Bene­dikt Schwarz­kopf (Asso­ciate, Regulatory)

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