About EarthGrid
EarthGrid is a company based in Richmond (United States) founded in 2016 by Troy Helming.. EarthGrid has raised $30 million across 1 funding round. The company has 8 employees as of December 31, 2022. EarthGrid offers products and services including Plasma Tunnel-Boring Technology and SuperGrid Infrastructure. EarthGrid operates in a competitive market with competitors including The Boring Company and Petra, among others.
- Headquarter Richmond, United States
- Employees 8 as on 31 Dec, 2022
- Founders Troy Helming
-
Sectors
Real Estate & ConstructionIndustrial Goods & Manufacturing
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
$391.26 K22767as on Dec 31, 2023
-
Net Profit
$-12.88 M-96as on Dec 31, 2023
-
EBITDA
-
Total Equity Funding
$30 M (USD)
in 1 rounds
-
Latest Funding Round
$30 M (USD), Seed
Oct 19, 2023
-
Investors
-
Employee Count
8
as on Dec 31, 2022
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of EarthGrid
EarthGrid offers a comprehensive portfolio of products and services, including Plasma Tunnel-Boring Technology and SuperGrid Infrastructure. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Efficient system for rock excavation using plasma to induce spallation.
Network for reliable energy and telecom distribution upgrades.
Unlock access to complete
Unlock access to complete
Funding Insights of EarthGrid
EarthGrid has successfully raised a total of $30M through 1 strategic funding round. The most recent funding activity was a Seed round of $30 million completed in October 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $30.0M
-
First Round
First Round
(19 Oct 2023)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Seed - EarthGrid | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by EarthGrid
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - EarthGrid
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Earthgrid Comparisons
Competitors of EarthGrid
EarthGrid operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as The Boring Company and Petra, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Underground transit networks are constructed to ease traffic congestion.
|
|
| domain | founded_year | HQ Location |
Innovative trenchless technology for utility tunnel boring is provided.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Earthgrid
Frequently Asked Questions about EarthGrid
When was EarthGrid founded?
EarthGrid was founded in 2016 and raised its 1st funding round 7 years after it was founded.
Where is EarthGrid located?
EarthGrid is headquartered in Richmond, United States. It is registered at Richmond, Virginia, United States.
Who is the current CEO of EarthGrid?
Troy Helming is the current CEO of EarthGrid. They have also founded this company.
Is EarthGrid a funded company?
EarthGrid is a funded company, having raised a total of $30M across 1 funding round to date. The company's 1st funding round was a Seed of $30M, raised on Oct 19, 2023.
How many employees does EarthGrid have?
As of Dec 31, 2022, the latest employee count at EarthGrid is 8.
What is the annual revenue of EarthGrid?
Annual revenue of EarthGrid is $391.26K as on Dec 31, 2023.
What does EarthGrid do?
EarthGrid was founded in 2016 and is headquartered in Richmond, United States. Underground tunnel construction solutions are provided through robots that incorporate plasma technology. These systems facilitate the development of an underground supergrid, which connects remote areas to the main grid for the transport of clean energy. Operations focus on infrastructure in the energy sector, supporting efficient and sustainable power distribution.
Who are the top competitors of EarthGrid?
EarthGrid's top competitors include The Boring Company and Petra.
What products or services does EarthGrid offer?
EarthGrid offers Plasma Tunnel-Boring Technology and SuperGrid Infrastructure.