TeraWatt Technology, based in California, has completed the first close of its Series C funding round, attracting existing investors such as Khosla Ventures and Temasek, as well as new participants including the Japan Bank for International Cooperation (JBIC) and G. K. Goh Ventures.
The funding will support capital investments in its mass production facility, enabling an increase in production capacity and enhancing its operational efficiency. Key investors in this round include G. K. Goh Ventures, JBIC, Khosla Ventures, and Temasek.
KEY QUOTE:
“This funding accelerates our market entry, enabling rapid scale-up of production and swift deployment of TeraWatt’s next-generation batteries. We are deeply grateful for the continued support of our existing investors and honored to welcome leading Japanese investors whose domain expertise is instrumental in guiding our journey.”
Ken Ogata, Ph.D., Co-founder and CEO of TeraWatt Technology
