Quaise Energy expects to expand the $134 million Series B round Axios Pro first reported in February, and it's currently deciding between a strategic or financial investor, CEO Carlos Araque tells Axios Pro.
It also anticipates closing roughly $100 million in debt this year — then launching a $200 million to $250 million Series C equity raise in Q1 2027.
Why it matters: Araque says the Houston-based geothermal power startup got a fundraising boost from Fervo Energy's IPO.
