Terabase Energy announced $44 million Series B financing co-led by Bill Gates-backed 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.
Terabase has built the first digital platform for managing the full-project life cycle of utility-scale solar and combined it with a construction-automation system to transform the way solar-power plants are deployed. Terabase’s automated field factory, capable of 24/7 operations, can significantly compress construction schedules and reduce costs while ensuring higher build quality. The robotics-assisted workflow also will improve worker health and safety by
