Tau awarded $7M California Competes Tax Credit
Award helps advance employment though the California Jobs First Initiative
REDWOOD CITY, California — 09-10-2024 — Tau Motors, Inc. announce that the company has been awarded a $7 million dollar California Competes Tax Credit to advance employment though the California Jobs First Initiative.
Tau will further R&D in the company’s groundbreaking software-defined power conversion platform as we partner with leading automakers, suppliers and industry accelerating the creation of more than 150 new jobs over the coming years.
Governor Newsom said, “This funding will help business create good-paying jobs….and support the state’s economic dominance for years to come.”
Wesley Pennington, Founder and CEO of Tau added, “We are excited to continue our growth in California and appreciate the state’s support and vision for what Tau is building.”
More about the story can be found here: California Competes Announcement
If our mission excites you, visit us at: Tau Careers
About Tau Motors, Inc.
Tau Motors, Inc. is an advanced technology redefining the future of electrification. From electric vehicles to the grid and beyond, Tau enables next-generation products – today. Tau has pioneered technologies that leverage the company’s software-defined hardware platform to provide industry leading scale, economics, and performance. By combining deep expertise in power electronics, systems engineering, and advanced control, Tau is accelerating flexible, secure, and sustainable energy systems across industries. As a technology company, Tau partners with industry leaders to develop and deploy transformative solutions on the company’s platform. At its core, Tau is made of exceptionally talented people – and we are growing. Come join our mission. For more information, visit taumotors.com.
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