Zach Dell’s Base Power has secured $1 billion in its latest funding round, valuing the Texas-based startup at $3 billion pre-money. The company provides home battery systems that serve as backups and sell stored power to utilities during peak demand, addressing rising electricity needs fueled by AI data centers and grid constraints.
- Since 2023, Base Power deployed 100+ MWh of residential battery capacity.
- The company is building its first factory in Austin, with plans for a second.
- Investors include Addition, Valor Equity Partners, Lightspeed, Andreessen Horowitz, Ribbit, CapitalG, Elad Gil, Thrive Capital, and 1789 Capital.
As energy storage becomes critical for residential and grid solutions, Base Power positions itself at the intersection of clean energy, AI-driven demand, and smart home infrastructure.