RDIF and partners invest in e-mobility solutions company Tau

Press release, 04.02.2021

Moscow, February 4, 2021 – A consortium of investors, including the Russian Direct Investment Fund (RDIF, Russia's sovereign wealth fund), a German investment group and a group of leading sovereign wealth funds in the Middle East, have invested €4.5 million in Tau – an e-mobility solutions and advanced materials company that develops high-performance copper and steel wire and innovative wire coating technologies.

Altana Group, a German specialty chemicals company, has also invested in Tau earlier.

Tau has proprietary, patented technologies both for the development of sustainable production technologies, which facilitate a reduction in production costs and greenhouse gas emissions, and for the quality control of coating processes in wire coating and electrical steel.

One of the most promising business areas for application of Tau’s technologies is the electrification of transportation, particularly the production of electric vehicles.

Tau already has its own production capacities in Russia. Thanks to investments by RDIF and partners, the company will be able to further improve its technologies and increase manufacturing capacity for products with significant export potential.

Anatoly Braverman, First Deputy CEO of the Russian Direct Investment Fund, said:

“Technologies developed by Tau will set new standards in the $5 billion market. The company's products have seen strong demand from players in the electric vehicles industry, but they are not limited to this segment only. Investments made by RDIF and other partners will enable Tau to further increase its production capacities in Russia and create new jobs. This investment is part of RDIF’s strategy aimed at supporting high-technology companies that meet the most stringent environmental standards. Tau will also be able to expand its product portfolio and enter new foreign markets.”

Francesco Taiariol, CEO of Tau, said:

“Sustainability in wire coating and the electrification of transport mean for us embracing essential transformational change. It is more than just disruptively better materials – it is the reconciliation of our carbon-conscious, sustainable, future-oriented mindset with highest performance and motor power. We are excited about this long-term cooperation with such leading sovereign wealth funds as RDIF allowing for further progress of our business. We look forward to expanding our product R&D and production capacities here in Russia, where we have been operating since 2014, just as we do in our other European presences in Italy and Germany.”

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Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF’s management company is based in Moscow. Currently, RDIF has experience of the successful joint implementation of more than 80 projects with foreign partners totaling more than RUB 2tn and covering 95% of the regions of the Russian Federation. RDIF portfolio companies employ more than 800,000 people and generate revenues which equate to more than 6% of Russia’s GDP. RDIF has established joint strategic partnerships with leading international co-investors from more than 18 countries that total more than $ 40bn. Further information can be found at rdif.ru

Tau brings disruptive performance enhancements, size reductions, sustainability & reliability to the core of electric motors. Focused on applications for automotive, energy and agriculture, Tau makes protective coatings for copper, aluminum and steel wire more durable, resistant and light, optimizes underlying production processes for environmental friendliness, pairs artificial intelligence with peace-of-mind operating simplicity, and incubates exciting technologies in smart sensors. Tau has some 40 employees across offices in Turin (Italy), Moscow (Russia) & Berlin (Germany). For more information, visit tau.group

For additional information contact:

Alexey Urazov
Russian Direct Investment Fund
Director for External Communications

Mobile: +7 915 312 76 65
E-mail: Alexey.Urazov@rdif.ru

Andrew Leach / Maria Shiryaevskaya
Hudson Sandler

Tel: +44 (0) 20 7796 4133