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Terabase Energy Raises $44 Million Series B To Digitalize And Automate The Deployment Of Utility-Scale Solar Power Plants

PRIVATEAug 02, 2022

Amount Raised

$44 Million

Round Type

Series B

BerkeleyManufacturingEnergyRenewable EnergySolar

Description

Terabase Energy today announced a $44 million Series B financing co-led by Breakthrough Energy Ventures and Prelude Ventures with additional participation by SJF Ventures and other existing investors. The round brings Terabase's total funding to $52 million and will be used to support the company's mission to reduce the cost and increase the scalability of solar by building a digital and robotic automation platform for the development, construction, and operation of utility-scale PV power plants.

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Company Information

Company

Terabase Energy

Location

Berkeley, California, United States

About

Terabase Energy is a solar technology company whose mission is to reduce the cost and increase the scalability of solar by building an interconnected digital and automation platform for the development, construction, and operations of utility-scale PV power plants.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Terabase Energy raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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