Terabase Energy, a U.S.-based company specializing in digital and automated solar energy solutions, has announced the closing of a $130 million Series C funding round, led by SoftBank Vision Fund 2 with participation from existing investors.
This funding will support Terabase’s efforts to transform the renewable energy landscape by accelerating the deployment of its technologies for large-scale solar projects.
Terabase offers an integrated platform combining automation, artificial intelligence, and data collection and control tools, reducing costs and increasing the efficiency of solar energy projects. The company’s products include the Terafab™ construction robot, the Construct construction management platform, and the PlantPredict solar project design software.
Matt Campbell, CEO of Terabase, stated: “SoftBank Vision Fund’s investment reflects our shared commitment to leveraging advanced technology to drive the future of renewable energy. This funding validates our mission and provides the resources to scale our platform, paving the way for the terawatt era of solar.”
A significant portion of the funding will support the manufacturing scale-up of the Terafab™ automated assembly line, which has already demonstrated its effectiveness by installing 40 megawatts across multiple commercial projects in the U.S. The next-generation Terafab is set to deploy hundreds of megawatts of solar by 2026, doubling installation productivity while enhancing build quality and workplace safety.
Kentaro Matsui, Managing Partner at SoftBank Global Advisers, commented: “The surge in energy demand, particularly from AI data centers, underscores the urgency of scalable, sustainable solutions.
Terabase’s innovative approach to digitalizing and automating solar power plant deployment positions it as a leader in this transition. We’re pleased to support this vision as Terabase redefines how the world builds renewable energy infrastructure.”
This investment comes at a time when recent breakthroughs in battery storage economics have enabled solar power plants to deliver cost-competitive electricity 24/7. With the onshoring of manufacturing and the surge in data center deployments driving energy demand, utility-scale solar represents the fastest and most cost-competitive form of new generation to power the economy.
Since its inception in 2019, Terabase has empowered project developers and engineering, procurement, and construction (EPC) firms to overcome cost and deployment barriers through solutions like the Terafab automated construction system, PlantPredict solar modeling software, and the Construct construction management platform, which has supported over 12 gigawatts of projects to date.
This Series C funding will enable Terabase to rapidly deploy its proven technologies at scale, transforming how utility-scale solar projects are built and operated.
