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- Terabase Energy
Terabase Energy Funding, Investors & Competitors
Terabase Energy has raised $205M across 4 funding rounds, most recently a $130M Series C in March 2025.
Last Terabase Energy funding round
$130M
Series C · Mar 2025
Cumulative funding Terabase Energy raised
$205M
across 4 funding rounds
Key investors in Terabase Energy
SJF Ventures
Prelude Ventures
SoftBank Group
Breakthrough Energy Ventures
Fifth Wall
City Light Capital
Powerhouse Ventures
EDP Ventures
About Terabase Energy
Terabase Energy is a U.S.-headquartered digital solutions provider for utility-scale solar projects. Its software optimizes engineering, procurement, and construction workflows, adopted by over 400 EPC firms, developers, and IPPs across 28 countries. Terabase accelerates deployment timelines for gigawatt-scale PV plants worldwide.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Terabase Energy Funding History
Terabase Energy has raised a total of $205M across 4 funding rounds.
Terabase Energy's first fundraising round was a $6M Series A in September 2020. The most recent completed round was a $130M Series C in March 2025.
Terabase Energy funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Mar 2025 | Series C | SoftBank Group (lead) | $130M | Terabase Energy develops digital and automation solutions for utility-scale solar power plants, including the Terafab automated construction system, PlantPredict solar modeling software, and Construct construction management platform. The company announced the closing of its $130 million Series C financing round on March 13, 2025, led by SoftBank Vision Fund 2 with participation from existing and new strategic investors, bringing total funding to over $200 million. The funding aims to accelerate deployment of these technologies to reduce costs and construction timelines for solar projects amid rising energy demand, particularly from AI data centers. Terafab is a robotics-assisted assembly line designed to double installation productivity, improve build quality, and enhance safety by eliminating manual lifting of heavy components. The Construct platform has supported more than 12 gigawatts of projects to date, while Terafab has installed 40 MW across multiple commercial projects in the U.S. Terabase's platform integrates AI, software, automation, SCADA, and plant controls to deliver faster, more efficient renewable energy projects worldwide. CEO Matt Campbell highlighted the investment as validation of Terabase's mission to scale its platform for the terawatt era of solar. SoftBank Global Advisers Managing Partner Kentaro Matsui emphasized Terabase's leadership in digitalizing and automating solar deployment. Prior funding included a $25 million round in 2023 led by Fifth Wall. Investors also encompass Breakthrough Energy Ventures, Prelude Ventures, SJF Ventures, and EDP Ventures. |
| Jul 2023 | Undisclosed stage | Fifth Wall (lead); SJF Ventures; EDP Ventures; Prelude Ventures | $25M | Terabase Energy develops digital and automation solutions for utility-scale solar power plants, including the Terafab robotics-assisted assembly line, PlantPredict solar modeling software, and Construct construction management platform. The company raised $25 million in July 2023, led by Fifth Wall with participation from EDP Ventures, Prelude Ventures, SJF Ventures, and existing investors, to support commercial scale-up of Terafab, the world's first automated digital field factory for solar construction. This round preceded a $130 million Series C in March 2025 led by SoftBank Vision Fund 2, bringing total funding over $200 million. The 2023 financing aligned with Terabase's demonstrations of Terafab, having installed 40 MW across U.S. commercial projects, with ambitions for hundreds of MW by 2026. By 2025, Construct had supported over 12 GW of projects. Investors reflect strong backing in climate tech, including Fifth Wall's focus on decarbonizing the built world, alongside strategic players like SoftBank and prior supporters such as Breakthrough Energy Ventures. Funds from the 2023 round targeted accelerating deployment amid rising renewable energy needs, particularly for utility-scale solar amid growing power demands from AI data centers. |
| Aug 2022 | Series B | Breakthrough Energy Ventures (lead); Prelude Ventures (lead); SJF Ventures | $44M | Terabase Energy is a Berkeley, California-based solar technology company founded in 2018 by SunPower alumni that develops a digital and robotic automation platform for the development, construction, and operation of utility-scale photovoltaic power plants. The company's integrated solution includes cloud-based applications for plant design, solar energy modeling, and construction management, with the platform designed to reduce costs and accelerate deployment of large-scale solar installations while supporting future applications like cost-effective green hydrogen production. On August 2, 2022, Terabase announced a $44 million Series B financing round co-led by Breakthrough Energy Ventures (backed by Bill Gates) and Prelude Ventures, with participation from existing investor SJF Ventures and other backers, bringing total company funding to $52 million. The round was intended to support full commercial deployment of Terabase's integrated solution in 2023 and followed the company's announcement of its first commercial project, described as the largest deployment of robotics in solar plant construction to date. CEO Matt Campbell emphasized that the investment validated the company's vision for deploying solar at terawatt scale, noting that while it took fifty years to build the first terawatt of solar capacity globally, 50 additional terawatts must be built rapidly to meet global decarbonization targets. |
| Sep 2020 | Series A | SJF Ventures (lead); Powerhouse Ventures; City Light Capital | $6M | Terabase Energy is a solar digital solutions startup providing proprietary software, automation, and digital deployment solutions for utility-scale solar projects globally. Co-founded in 2019 by six former SunPower employees including CEO Matt Campbell, the company aims to drive solar power prices below one cent per kWh by 2025 by reducing soft costs such as development, EPC management, labor, and logistics. It works with EPCs, developers, and independent power producers across five continents and recently contributed to the 800 MW Siraj-1 solar plant in Qatar with a power price of $0.01449/kWh. On September 9, 2020, Terabase closed a $6 million Series A financing round led by SJF Ventures, with participation from Powerhouse Ventures, City Light Capital, and Trancoso Partners. The funding supports team expansion to enable customers to deploy low-cost solar more efficiently. SJF Ventures, with prior investments in solar companies like Nextracker (acquired by Flex), Community Energy, and groSolar (acquired by EDF Renewables), highlighted the veteran team's novel digital approach to accelerate solar's replacement of coal and gas. By late 2020, Terabase was generating annual revenue in the millions of dollars and had recently broken even. |
Who has invested in Terabase Energy?
8 investors have backed Terabase Energy across its funding rounds, including SJF Ventures, Prelude Ventures, SoftBank Group, Breakthrough Energy Ventures, Fifth Wall and City Light Capital.
Lead investors include SoftBank Group, Fifth Wall, Breakthrough Energy Ventures, Prelude Ventures and SJF Ventures.
Terabase Energy Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Sep 2020 | ||
| 2 | Lead | Aug 2022 | ||
| 1 | Participant | Jul 2023 | ||
| 1 | Lead | Mar 2025 | ||
| 1 | Lead | Aug 2022 | ||
| 1 | Lead | Jul 2023 | ||
This data is available for Pro users. Sign up to see all 8 Terabase Energy investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Terabase Energy
Terabase Energy has acquired 1 company to date.
Last acquisition by Terabase Energy was on August 25th 2021. Terabase Energy acquired PlantPredict for undisclosed valuation.
Latest Acquisitions by Terabase Energy
| Description | PlantPredict is a solar energy modeling software for utility-scale PV projects, generating bankable energy yield predictions used in financing over 10 GW worldwide. Developed by Aurora Solar, it incorporates terrain shading, albedo variations, and module soiling models. Headquartered in San Francisco, PlantPredict supports bifacial panels and trackers for accurate P90 estimates. |
| HQ Country | |
| HQ City | Tempe, AZ |
| Deal Date | 25 Aug 2021 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Terabase Energy acquisitions and their M&A valuation multiples. Start Free Trial | |
Terabase Energy Competitors
Terabase Energy competitors include listed companies like Nextracker and Baosight, and private ones like Octopus Energy, Kraken, Aurora Solar and Neara.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $3.6B | $747M | $13B | 2.9x | ||
| Private | - | - | $9B | - | ||
| Private | $2.2B | $531M | $8.7B | 3.9x | ||
| Publicly listed | $1.6B | $281M | $5.9B | 3.2x | ||
| Private | $100M | - | $4B | 40.0x | ||
| Private | - | - | $784M | - |
Terabase Energy Public Comps
Terabase Energy is still privately-owned, but its public comps include GE Vernova, Iberdrola, China Yangtze Power, Constellation Energy, Vistra, ACWA Power, Vestas, Ørsted, Gulf Development and Huaneng Lancang River.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $38B | $3.2B | 6.2x | 5.4x | 73.5x | 43.5x | |||
| $51B | $17B | 4.4x | 4.3x | 13.2x | 11.8x | |||
| $13B | $11B | 11.4x | 11.3x | 13.9x | 14.4x | |||
| $26B | $5B | 4.6x | 3.8x | 23.5x | 15.3x | |||
| $18B | $5B | 4.0x | 3.3x | 13.9x | 10.2x | |||
| $2B | $1.1B | 22.3x | 19.9x | 41.9x | 36.4x | |||
| $22B | $2.6B | 1.4x | 1.3x | 11.9x | 10.1x | |||
| $9.8B | $2.9B | 3.6x | 2.8x | 11.9x | 8.1x | |||
This data is available for Pro users. Sign up to see all Terabase Energy competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Terabase Energy
| When was Terabase Energy founded? | Terabase Energy was founded in 2019. |
| Where is Terabase Energy headquartered? | Terabase Energy is headquartered in San Francisco, CA, United States. |
| Is Terabase Energy publicly listed? | No, Terabase Energy is a private, VC-backed company. |
| How much funding has Terabase Energy raised? | Terabase Energy has raised $205M across 4 funding rounds. |
| What was Terabase Energy's last funding round? | Terabase Energy's last funding round was a $130M Series C in March 2025, led by SoftBank Group. |
| Who are Terabase Energy's investors? | Terabase Energy's investors include SJF Ventures, Prelude Ventures, EDP Ventures, SoftBank Group, Breakthrough Energy Ventures, Fifth Wall, Powerhouse Ventures and City Light Capital. |
| Which companies are comparable to Terabase Energy? | Companies comparable to Terabase Energy include Nextracker, Octopus Energy, Kraken, Baosight, Aurora Solar and Neara. |
| How many companies has Terabase Energy acquired? | Terabase Energy has acquired 1 company, including PlantPredict. |
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