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

Terabase Energy Overview

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

United StatesSan Francisco, CA

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

Terabase Energy funding rounds
DateStageInvestorsRaisedDeal Summary
Mar 2025Series CSoftBank Group (lead)$130MTerabase 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 2023Undisclosed stageFifth Wall (lead); SJF Ventures; EDP Ventures; Prelude Ventures$25MTerabase 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 2022Series BBreakthrough Energy Ventures (lead); Prelude Ventures (lead); SJF Ventures$44MTerabase 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 2020Series ASJF Ventures (lead); Powerhouse Ventures; City Light Capital$6MTerabase 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

Investors in Terabase Energy by funding rounds participated
InvestorHQRoundsRoleFirst check
SJF VenturesUnited StatesDurham, NC3LeadSep 2020
Prelude VenturesUnited StatesSan Francisco, CA2LeadAug 2022
EDP VenturesPortugalLisbon1ParticipantJul 2023
SoftBank GroupJapanTokyo1LeadMar 2025
Breakthrough Energy VenturesFranceParis1LeadAug 2022
Fifth WallUnited StatesLos Angeles, CA1LeadJul 2023

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions 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

PlantPredict
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 CountryUnited States
HQ City
Tempe, AZ
Deal Date25 Aug 2021
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Terabase Energy Competitors

Terabase Energy competitors include listed companies like Nextracker and Baosight, and private ones like Octopus Energy, Kraken, Aurora Solar and Neara.

Public and private companies comparable to Terabase Energy
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
NextrackerUnited StatesUnited StatesPublicly listed$3.6B$747M$13B2.9x
Octopus EnergyUnited KingdomLondonPrivate--$9B-
KrakenUnited KingdomLondonPrivate$2.2B$531M$8.7B3.9x
BaosightChinaChinaPublicly listed$1.6B$281M$5.9B3.2x
Aurora SolarUnited StatesSan Francisco, CAPrivate$100M-$4B40.0x
NearaAustraliaSydneyPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
GE Vernova$38B$3.2B6.2x5.4x73.5x43.5x
Iberdrola$51B$17B4.4x4.3x13.2x11.8x
China Yangtze Power$13B$11B11.4x11.3x13.9x14.4x
Constellation Energy$26B$5B4.6x3.8x23.5x15.3x
Vistra$18B$5B4.0x3.3x13.9x10.2x
ACWA Power$2B$1.1B22.3x19.9x41.9x36.4x
Vestas$22B$2.6B1.4x1.3x11.9x10.1x
Ørsted$9.8B$2.9B3.6x2.8x11.9x8.1x

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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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