Terabase Energy Inc., a technology company based in Berkley, California, has received 130 million dollars (119 million euros) in a Series C financing round for the further development of its digital and automation solutions for large solar parks. Led by SoftBank Vision Fund 2 and with the participation of existing and new strategic investors, the company’s total financing will increase to over 200 million dollars (183 million euros), the company announced.
“This funding validates our mission and provides the resources to scale our platform and pave the way for the terawatt era of solar energy,” said Matt Campbell, CEO of Terabase.
Terabase’s platform combines robotics, artificial intelligence and a comprehensive digital ecosystem. The funding will largely support the production scaling of the robot-assisted assembly line “Terafab”. According to Terabase, robotic assembly doubles installation productivity while improving assembly quality. In addition, manual lifting of heavy components is no longer necessary, which increases occupational safety.
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