Base Power Company

Private

Austin-based energy technology startup that manufactures, installs, owns, and operates residential battery storage systems to provide homes with affordable, reliable backup power. The company operates as both a licensed electricity provider and a virtual power plant, pooling thousands of home batteries into a distributed energy network that strengthens the grid.

Founders Zach Dell, Justin Lopas
CEO Zach Dell

Company

Founded
2023
Headquarters
Austin, Texas, United States
Employees
201-500

Financials

Total Funding
$1.3B
Last Valuation
$4.0B
Revenue (ARR)
$10M-$50M
Sectors
Climate Tech Hardware
www.basepowercompany.com Twitter

Funding History

3 rounds
Series C Oct 8, 2025
$1.0B
Valuation: $4.0B
Addition Ventures (Lead) Ribbit Capital CapitalG Spark Capital BOND Lowercarbon Capital Avenir Growth Capital Glade Brook Capital Positive Sum 1789 Capital Trust Ventures Valor Equity Partners Thrive Capital Lightspeed Venture Partners Andreessen Horowitz Altimeter Capital StepStone Group Elad Gil 137 Ventures Terrain Waybury Capital
Series B Apr 9, 2025
$200M
Valuation: $841M
Addition Ventures (Lead) Andreessen Horowitz (Lead) Lightspeed Venture Partners (Lead) Valor Equity Partners (Lead) Thrive Capital Altimeter Capital Terrain Trust Ventures
Series A May 8, 2024
$68M
Thrive Capital (Lead) Valor Equity Partners Altimeter Capital Trust Ventures Terrain Ironspring Ventures Contrary Capital MCJ Collective

Funding data is compiled from multiple independent sources including company announcements, press coverage, and regulatory filings. While we strive for accuracy, amounts and dates may reflect reported figures at time of announcement.