TerraWave Energy
Electromagnetic Drilling Technology for Geothermal Energy
StartupTerraWave Energy is a Tel Aviv-Yafo-based startup in the Energy Tech sector, established in 2024. Electromagnetic Drilling Technology for Geothermal Energy. The company has raised a total of $5.05M across 3 funding rounds, currently at the Pre-Seed stage. TerraWave Energy was founded by Hagay Carmi. Key investors include Adama Ventures, Square One Labs, Fresh Fund, among 8 total investors. The company has 1-10 employees. Core technologies: Components, Materials & Substances, Sensing, Semiconductors & Electronics, Communications, Machinery & Robotics, Simulation & Imaging.
With $5.05M in total funding, TerraWave Energy is a Pre-Seed-stage company operating in Energy Tech. The company follows a B2B business model. Product stage: R&D. The company holds 1 patent. TerraWave Energy is identified as relevant to climate technology.
- StagePre-Seed
- ProductR&D
- ModelB2B
- Employees1-10
- HQTel Aviv-Yafo
- DistrictCenter District
- Last RoundUndisclosed
- Adama Ventures
- Square One LabsLead
- Fresh Fund
8 investors total
Hagay CarmiCo-founder
What does TerraWave Energy do?
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.
How much funding has TerraWave Energy raised?
TerraWave Energy has raised $5.05M in total funding across 3 rounds. The company is currently at the Pre-Seed stage. Key investors include Adama Ventures, Square One Labs, Fresh Fund.
Who founded TerraWave Energy ?
TerraWave Energy was founded in 2024 by Hagay Carmi (Co-founder).
What sector is TerraWave Energy in?
TerraWave Energy operates in Climate Tech, Energy Transition, Clean Energy Generation, Energy Tech, Energy Production & Sources, with core technologies in Components, Materials & Substances, Sensing, Semiconductors & Electronics, Communications, Machinery & Robotics, Simulation & Imaging. Target customers: Real Estate & Construction, Agriculture & Food, Defense, Safety & Security, Industrial Manufacturing, Government & City, Energy, Utilities & Waste Management.
Where is TerraWave Energy located?
TerraWave Energy is based in Dvora HaNevi'a St 21, Tel Aviv-Yafo, Israel, Center District.