Last updated 2026-06-18
- Raised $11.5M funding round, Jan 2026
- Raised $1.4M grant, Nov 2024
- Raised $3.7M funding round led by Square One Labs, Aug 2024
Total raised
$16.6M
Last: 2026-01
Stage
Seed
Founded
2024
Headcount
7
HQ
Tel Aviv-Yafo, Israel
Sector
Energy Tech
About
TerraWave is developing a novel deep drilling method using millimeter wave technology to penetrate hard rock and reach depths corresponding to temperatures of up to 450°C. This innovative approach aims to significantly increase the viability and accessibility of geothermal power.
Funding history · 4 rounds · $16.6M total
2026-01
$11.5M
2025-01
Undisclosed
2024-11
Grant
$1.4M
Q&A
- What is TerraWave Energy's core technology?
- TerraWave Energy is developing a novel deep drilling method that utilizes millimeter wave technology to penetrate hard rock. This technology aims to reach depths corresponding to temperatures of up to 450°C for geothermal energy.
- When was TerraWave Energy founded?
- TerraWave Energy was founded in July 2024.
- How many employees does TerraWave Energy currently have?
- TerraWave Energy has 1-10 employees.
- What is TerraWave Energy's primary sector?
- TerraWave Energy's primary sector is Energy Tech.
- What was TerraWave Energy's most recent funding round?
- In January 2026, TerraWave Energy secured a funding round of $11,500,000 with IDA Ventures participating.
- Which investors participated in TerraWave Energy's August 2024 funding round?
- In August 2024, TerraWave Energy received $3,700,000 in a funding round led by.
- Has TerraWave Energy received any grants?
- Yes, TerraWave Energy received a grant of $1,350,000 in November 2024.
- Who is a co-founder of TerraWave Energy?
- Hagay Carmi is a co-founder of TerraWave Energy.
Team · 1
Sectors & technology
Primary sector
Energy Tech
Sub-sectors
Climate TechEnergy TransitionClean Energy GenerationEnergy TechEnergy Production & Sources
Technologies
ComponentsMaterials & SubstancesSensingSemiconductors & ElectronicsCommunicationsMachinery & RoboticsSimulation & Imaging
Target customers
Real Estate & ConstructionAgriculture & FoodDefense, Safety & SecurityIndustrial ManufacturingGovernment & CityEnergy, Utilities & Waste Management
Business model
B2B
Highlights
Climate Tech1 PatentsVerified
Tags
energytechrenewable-energyclimate-techgeothermal
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| Website | terrawave.energy/ |
|---|
Identifiers & details
| Founded | 2024-7 |
|---|---|
| Employees (exact) | 7 |
Radar intelligence
Patents
| EPO | 1 |
|---|
Web history (Wayback)
| Domain | terrawave.energy |
|---|
Certificate / subdomain footprint
| Subdomains | 2 |
|---|