What is Earthgrid?
EarthGrid PBC is pioneering a novel approach to underground infrastructure development by utilizing patented plasma-powered machinery. This technology enables the boring of tunnels through hard rock via thermal spallation, a process that breaks rock into fragments using controlled thermal shock without the need for drilling chemicals. The company's ultimate goal is to replace existing, often aging and exposed, overhead grids with a comprehensive underground "SuperGrid." This integrated network is designed to support essential utilities such as energy, telecommunications, water, waste management, and transportation, promising a more resilient, efficient, and smarter infrastructure foundation.
How much funding has Earthgrid raised?
Earthgrid has raised a total of $30M across 1 funding round:
Angel/Seed
$30M
Angel/Seed (2023): $30M with participation from Netcapital
Key Investors in Earthgrid
Netcapital
Netcapital Inc. is a U.S. fintech and capital markets company that operates a digital private securities ecosystem, facilitating online capital raising for private and early-stage companies from individual and institutional investors.
What's next for Earthgrid?
The recent major strategic investment signals a critical growth phase for Earthgrid, likely enabling the company to scale its patented plasma boring technology and accelerate the development of its "SuperGrid" concept. This enterprise-level backing suggests a focus on expanding operational capacity, securing key partnerships, and potentially initiating pilot projects for its underground infrastructure solutions. The company's trajectory indicates a move towards commercial deployment and market penetration, aiming to address the significant challenges of modernizing critical infrastructure.
See full Earthgrid company page
