What does Base Power do?
Base Power is an energy company building a grid for the future by pioneering battery-powered home energy service solutions. The company aims to revolutionize home energy supply through innovative technology and strategic partnerships.
How much did they raise?
The company raised $200M in a Series B funding round co-led by Addition, Andreessen Horowitz, Lightspeed Venture Partners, and Valor Equity Partners, with additional participation from Thrive Capital, Altimeter, Terrain, and Trust.
What are their plans for the money?
With the new funds, Base Power intends to scale its operations by building its first factory in Texas, which will boost production capacity and accelerate regional expansion across metro areas like Dallas-Fort Worth, Houston, and Austin.
What have they achieved so far?
Since its launch in 2023, Base Power has made significant strides, forming strategic partnerships with major entities like Lennar and Bandera Electric and rapidly expanding its presence in key Texas regions.
