Prelude Ventures Powers Up Solar Robot Firm with SoftBank's $130 Million Bet
Deal News | Mar 13, 2025 | Prelude Ventures LLC
SoftBank has invested $130 million in a solar farm company that employs robotic technology, in partnership with Prelude Ventures LLC. This strategic move is aimed at accelerating innovation in clean energy solutions and increasing efficiency in solar farm operations. This investment highlights both firms' commitment to advancing environmental sustainability through cutting-edge technology.
Sectors
- Renewable Energy
- Robotics and Automation
- Venture Capital and Private Equity
Geography
- Global – SoftBank is a multinational conglomerate with global operations, impacting international investments.
- United States – Prelude Ventures LLC is based in the United States, and it is a key player in this investment.
- Japan – SoftBank is headquartered in Japan, making it relevant geography for this investment.
Industry
- Renewable Energy – This article pertains to an investment in a solar farm company, a key component of the renewable energy sector.
- Robotics and Automation – The investment focuses on a company that employs robotic technology in solar farm operations, highlighting the integration of robotics in renewable energy.
- Venture Capital and Private Equity – Prelude Ventures LLC and SoftBank's investment is a typical venture capital and private equity transaction in support of technological innovation.
Financials
- 130,000,000 – SoftBank invested $130 million in the partnership with Prelude Ventures for the solar farm company.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| SoftBank | Bidding Company | Company | A multinational conglomerate and investment firm making significant investments in technology and renewable energy. |
| Prelude Ventures LLC | PE Firm | Company | A VC firm that focuses on burgeoning clean energy technologies, co-investing in the solar farm company. |