Terabase Energy, a leader in digital and automation solutions for utility-scale solar power, announced the closing of its $130 million Series C financing round. The funding round—led by SoftBank Vision Fund 2 and with participation from both existing and new strategic investors—brings the company’s total funding to over $200 million.

This new funding round will support Terabase’s efforts to transform the renewable energy landscape by accelerating the deployment of its technologies for large solar projects. These solutions reduce costs and construction timelines for solar power plants, an urgent need as power demand grows.

Terabase’s platform combines robotics, AI, and a comprehensive digital ecosystem. And the funding will in large part support the manufacturing scale-up of its robotics-assisted assembly line Terafab.

Having demonstrated its effectiveness by installing an 40 megawatts across multiple commercial projects in the U.S., the next-generation Terafab is set to deploy hundreds of megawatts of solar through 2026. The system doubles installation productivity while enhancing build quality and eliminating manual lifting of heavy components, significantly improving workplace safety.

This funding comes during a time when the recent breakthroughs in battery storage economics have enabled solar power plants to deliver cost-competitive electricity 24/7. With the onshoring of manufacturing and surge in data center deployments driving energy demand and utility-scale solar represents the fastest and most cost competitive form of new generation to power the economy.

Since its founding, 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 that has supported more than 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.

KEY QUOTES:

“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.”

• Matt Campbell, CEO of Terabase

“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.”

• Kentaro Matsui, Managing Partner at SoftBank Global Advisers