Base Power raises $1B at $13B valuation and launches Texas-built battery
Base Core moves battery production in-house as Zach Dell and Justin Lopas push their distributed storage model beyond Texas.
By Ryan Merket · Published
Primary source: X
Why it matters
Base's valuation increased 3.25 times in less than 10 months as it brought battery manufacturing in-house. The round backs distributed home storage as infrastructure that can be deployed faster than new power plants and transmission lines.
Base Power, founded by Zach Dell (@ZachBDell) and Justin Lopas, raised a $1 billion Series D at a $13 billion post-money valuation on August 3rd and launched Base Core, a home battery designed and manufactured at Base's Austin factory.
https://x.com/zachbdell/status/2084253366838870208?s=46
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