From the EIB 20 million euros to Tau Group to improve sustainability and efficiency in the automotive supply chain

Brussels – The European Investment Bank (EIB) has announced a €20 million Venture Debt loan for Tau Group, an Italian technology startup at the heart of transportation electrification. The EIB’s investment will enable Tau Group to increase the production capacity of high-performance wire for use in vehicles and machine parts that also contribute to the energy transition, increasing the current capacity of about 2 thousand tons to 12 thousand tons annually by 2027.  The EIB financing is backed by InvestEU, the European Union’s investment program. 

The investments, financed with EIB resources, will be made at the Turin plant by 2027. Tau Group’s goal is to replace current wire enameling techniques — which involve using hazardous and polluting solvents — with a new technology, making it possible to coat wire with advanced engineering polymers.