Series A · Climate tech
TAR raises $120m Series A for manufacturing and off-grid power deployments
Its deployments combine renewable generation, battery storage and site-level execution software.
TAR raised $120 million in Series A funding led by Spark Capital, with Align Fund and Buckley Ventures participating. The round values the company at a reported $1 billion.
The company will grow its Austin headquarters and San Francisco engineering office, expand West Texas manufacturing and logistics and accelerate deployments.
TAR supplies modular off-grid power systems for AI data centres. Its generation, battery-storage and deployment stack lets customers plan power capacity alongside their computing infrastructure.
Use of funds
Grow Austin headquarters and San Francisco engineering office
Expand West Texas manufacturing and logistics
Accelerate deployments
Funding history
Series A · This round$120M