Solar technology company Terabase Energy announced that it has raised $130 million in a Series C financing round, with proceeds aimed at accelerating the deployment of its AI and robotics-assisted solutions to support the buildout of new solar power plants.

Founded in 2019 and with funding totaling more than $200 million to date, California-based Terabase Energy provides technology aimed at reducing the cost and increasing the scalability of building utility-scale solar power projects. The company’s platform combines technologies encompassing robotics, AI, software, automation and plant controls, to deliver faster, more efficient, and cost-effective renewable energy projects worldwide. To date, Terbase has supported the installation and construction of more than 12 gigawatts of solar projects across the U.S.

Terbase said that the new capital will support the manufacturing scale-up of its robotics-assisted assembly line, Terafab, which is set to deploy hundreds of megawatts of solar through 2026. According to Terabase, the system doubles installation productivity while enhancing build quality and eliminating manual lifting of heavy components, significantly improving workplace safety.

Matt Campbell, CEO of Terabase, said:

“This funding validates our mission and provides the resources to scale our platform, paving the way for the terawatt era of solar.”

The funding round was led by SoftBank Vision Fund 2, with participation from existing and new investors.

Kentaro Matsui, Managing Partner at SoftBank Global Advisers, said:

“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.”