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EarthGrid
This company is developing the world’s first way to tunnel, trench, and excavate using patented plasma tunnel-boring technology
About EarthGrid
EarthGrid is a public benefit corporation that specializes in underground tunnel construction through the use of plasma-boring robots. The company's primary service is to create a network of tunnels for various utilities, including renewable energy, broadband, clean water, and transportation. By using patented plasma technology, EarthGrid can excavate and build tunnels at a significantly lower cost and in less time compared to traditional methods.
The company operates with two main business models: "Boring and Drilling as a Simple Service" (BADASS), where clients pay for completed contracts, and "Build, Own, Operate & Maintain" (BOOM), which offers a more long-term partnership. This dual approach provides flexibility for a range of clients, which likely include utility companies, telecommunication providers, and government entities. EarthGrid's market is the infrastructure and energy sectors, with a focus on upgrading and replacing outdated grid systems with more resilient underground alternatives.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2016
- Headquarters
- Richmond, United States
- Employees
- 31
- Open positions
- None listed
- Dealroom signal
- 58.2/100
- Industry
- Energy
- Sub-industry
- Clean Energy
- Sector
- Energy, Smart Grid, Sustainable Development Goals, Climate Tech, Grid Technology, Hard Tech
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| GRANT✓Other financing | Oct 2024 | $1M | — | Startup World Cup | ↗ |
| SEED✓Equity / VC | Oct 2023 | $30M | $120M | Netcapital | ↗ |
Growth signals
Latest recorded traffic for EarthGrid is 1.5K monthly website visits, up 25% over the last three months. EarthGrid's team declined 31.1% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed6 investors entered at this stage
SeedFolio
Unpopular Ventures
Upward Labs
She's Independent
Netcapital
Startup World Cup
Other known investors8 additional known investors
BAJ Accelerator
Band of Angels
Interlock Capital- JLJohn Litz
- KSKYTO Technology & Life Science
Monozukuri Ventures
Neer Venture Partners
VU Venture Partners
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about EarthGrid on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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