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Geothermal startup Quaise is elevating $25M because it gears up for drilling

Geothermal startup Quaise Power is elevating a brand new funding spherical, TechCrunch+ has solely realized.

The corporate filed new paperwork yesterday with the SEC, stating that it had raised $13 million of an anticipated $25 million.

The brand new spherical can be priced, Quaise’s co-founder and CEO, Carlos Araque, advised TechCrunch+. The funds can be used to strengthen the corporate’s provide chain place, he stated.

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