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Terabase Energy, a trailblazer in digital and automation solutions for utility-scale solar power, has successfully closed a $130 million Series C funding round—a pivotal milestone in its mission to redefine the future of renewable energy. The round, spearheaded by SoftBank Vision Fund 2, saw participation from returning backers and new strategic investors, pushing the company’s total funding past $200 million.
With energy consumption soaring—fueled by the rapid expansion of data centers and the push for domestic manufacturing—Terabase aims to fast-track the deployment of its advanced solar power solutions. Its technology slashes costs, compresses construction timelines, and boosts efficiency in an industry racing to meet growing electricity needs.
"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. "This funding validates our mission and provides the resources to scale our platform, paving the way for the terawatt era of solar."
At the heart of this transformation is Terafab™, the company’s robotics-assisted solar assembly system. Having already installed an impressive 40 megawatts across multiple U.S. projects, Terafab’s next-generation rollout will scale to hundreds of megawatts by 2026. The system isn’t just about speed—it doubles installation productivity, enhances build quality, and eliminates manual heavy lifting, making it a game-changer for worker safety in large-scale solar construction.
"The surge in energy demand, particularly from AI data centers, underscores the urgency of scalable, sustainable solutions," said Kentaro Matsui, Managing Partner at SoftBank Global Advisers. "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 critical juncture. Breakthroughs in battery storage economics have unlocked the potential for solar power plants to deliver round-the-clock electricity, erasing the historical limitations of intermittent energy supply. As the cheapest and fastest-growing source of new power generation, utility-scale solar is poised to fuel the next phase of global economic expansion.
Since its founding, Terabase has empowered project developers and EPC firms to overcome cost and deployment challenges with a suite of tools. These include:
Terafab – An automated construction system that redefines solar panel installation.
PlantPredict – AI-powered solar modeling software optimizing performance.
Construct – A digital construction management platform that has supported over 12 gigawatts of solar projects worldwide.
Terabase is set to scale its proven technologies like never before—reshaping how utility-scale solar projects are designed, built, and operated.