Tag - Earthgrid

EarthGrid PBC Seed Funding Oversubscribed

Antonette Ho2023-10-26T21:11:16-04:00Today, EarthGrid Public Benefit Corporation (EarthGrid PBC), a plasma boring technology and infrastructure development company, is announcing it has raised $30 million at the close of its seed funding, doubling the investment goal of $15 million. This brings the total equity raised by EarthGrid to approximately $50 million since its inception in 2016. The $30 million will enhance the production of Tunnel Boring Robots (TBRs) which utilize a series of plasma-powered torches to break down geologic structures. The TBRs will...

EarthGrid Reaches $1.3M+ on Netcapital, $30M in Total Investments to Revolutionize Infrastructure Industry

Antonette Ho2023-06-04T19:07:00-04:00EarthGrid, a company dedicated to revolutionizing the infrastructure industry and creating a sustainable future for all, is proud to announce it has achieved a major milestone of surpassing $1.3 million in investments on Netcapital. Outside of NetCapital, EarthGrid has raised approximately $30 million in total. This success is attributed to the hard work and dedication of the EarthGrid team, as well as the support of the company’s investors. With the use of proprietary plasma tunnel-boring technology, EarthGrid aims to create...

EarthGrid Reaches $1 Million+ Investment Milestone to Revolutionize the Infrastructure Industr

Antonette Ho2023-04-30T20:42:29-04:00EarthGrid, a company dedicated to revolutionizing the infrastructure industry and creating a sustainable future for all, is proud to announce it has achieved a major milestone of $1 million-plus in investments. This success is attributed to the hard work and dedication of the EarthGrid team as well as the support of its investors. With the use of proprietary plasma tunnel-boring technology, EarthGrid aims to create more efficient, cost-effective and environmentally friendly solutions for communities. The company aims to positively impact...

EarthGrid, PBC Wins ‘Most Fundable Company’ Award from Pepperdine Graziadio Business School

Antonette Ho2023-02-14T20:03:32-05:00EarthGrid, PBC is excited to announce that it won Platinum recognition — the highest honor — on the Pepperdine Graziadio Business School’s fifth annual Most Fundable Companies® List. EarthGrid competed against 4,000-plus early-stage U.S. companies before earning a coveted Platinum spot among 16 finalists. The Most Fundable Companies initiative educates on the investor diligence process and recognizes exceptional entrepreneurs who are solving problems with inventive solutions and are also seeking investment capital. Watch EarthGrid’s presentation. Troy Helming, Founder and CEO...

Robot Designed to Tunnel Through the Earth Incredibly Fast Using Plasma

Ziad2022-11-25T13:59:45-05:00If Cali-based startup EarthGrid has its way, downed power lines and faulty electric transformers may soon be a problem of the past. Science and tech pub New Atlas explained the company's patent-pending process on Thursday and said the plasma boring robot it's developing can dig underground tunnels as much as 100 times faster than the competition, all while costing about 98 percent less. "Imagine a robot with ten light sabers on the front, vaporizing through rock and soil," founder Troy...

This New Plasma Boring Robot Can Dig Tunnels 100 Times Faster And 98% Cheaper

Ziad2022-11-25T13:59:45-05:00San Francisco-based startup Earthgrid is developing a plasma boring robot that can dig tunnels 100 times faster, and up to 98 percent cheaper than existing boring systems, a report from New Atlas reveals. The company aims to employ its technology to re-wire energy, internet, and utility grids in the U.S. Unlike conventional boring machines, which typically use massive cutting wheels to slowly excavate tunnels, Earthgrid’s robot blasts rocks with high temperatures to break and even vaporize them via a process...

Earthgrid aims to re-wire the USA using super-cheap tunnel tech

Ziad2022-11-25T13:59:45-05:00Bay Area startup Earthgrid says it's developing a plasma boring robot that can dig underground tunnels 100x faster and up to 98% cheaper than existing tech, and it plans to use it to start re-wiring America's energy, internet and utilities grids. You can do this without touching the rock walls at all, so the equipment can do entire tunnels without stopping if necessary. It can run entirely on electrical power, opening up the possibility of entirely emissions-free drilling, and both...