Solar energy tech startup Terabase has secured $130 million in funding, led by SoftBank—its largest funding round to date—bringing total capital raised to $200 million. However, Terabase has not disclosed its current valuation.
The increasing global energy demand is driving the need for scalable, efficient, and sustainable solutions. From AI-powered data centers to expanding urban infrastructures, the challenge lies in meeting rising power consumption while prioritizing sustainability.
The latest funding round will support Terabase’s goal of revolutionizing the renewable energy sector by reducing costs and accelerating construction timelines. As energy demands continue to soar, such solutions are essential for making solar power more efficient and accessible on a global scale.
SoftBank’s Investment in the Future of Renewable Energy
“SoftBank Vision Fund’s investment reflects our shared commitment to leveraging advanced technology to drive the future of renewable energy,” said Matt Campbell, CEO of Terabase Energy. “This funding validates our mission and provides the resources to scale our platform, paving the way for the terawatt era of solar.”
Despite solar and energy storage accounting for 84% of new electricity generation capacity added to the U.S. power grid last year, the sector faces challenges. Recent policy shifts favoring fossil fuels have added hurdles for solar energy expansion. However, the increasing energy demand—particularly from AI data centers—highlights the urgent need for scalable renewable solutions.
Terabase’s Cutting-Edge Solar Solutions
Terabase Energy provides a suite of innovative tools to support solar power plant developers, engineers, and construction firms. Its digital automation platform is designed to streamline workflows, enhance efficiency, and speed up the solar project lifecycle.
A significant portion of the newly secured funding will be allocated to the development of Terafab, Terabase’s robotics-assisted assembly line. This technology aims to accelerate construction and address labor shortages in the industry.
Additionally, Terabase offers two key software solutions:
- PlantPredict – A solar modeling software that enhances predictive analytics and efficiency.
- Construct – A construction management platform that optimizes project execution.
These solutions work together to simplify the solar energy development process, from planning to execution, ensuring faster and more cost-effective project completions.
A Powerful Backing from Industry Giants
SoftBank invested in Terabase through Vision Fund 2, a platform known for backing innovative technology firms. Other investors in Terabase Energy include Breakthrough Energy Ventures, Fifth Wall, SJF Ventures, and EDP Ventures.
With energy consumption on the rise and the transition to clean energy solutions gaining momentum, Terabase Energy’s latest funding could be a game-changer in accelerating solar adoption worldwide.
