# Base Power

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/base-power

- Industry: Power & Utilities
- Headquarters: Austin, US
- Website: www.basepowercompany.com
- Total disclosed funding: $3.3B
- Investors on record: 30

## About

Based in US, Base Power, Inc. operates as a modern power company, offering a battery-powered home energy service and fixed-price energy subscription. Founded in 2023 and based in Texas, US, Base Power, Inc. operates as a power company that offers battery-powered home energy services. The company was founded by its CEO, Zach Dell. In August 2026, Base Power, Inc. raised USD 1 billion in series D funding co-led by returning investors Addition, Ribbit Capital, Valor Equity Partners and new investor JPMorgan Chase, with participation from other new investors Energy Impact Partners and Layer Global. Returning investors Altimeter Capital, Andreessen Horowitz, CapitalG, Lightspeed Venture Partners, Thrive Capital, Trust Ventures, Ironspring Ventures, D1 Capital Partners, Sands Capital Management, Coatue Management, individual, and other unspecified investors also participated in the round. The company will use the August 2026 funding to expand deployment of its home battery systems, enter new markets, and grow its workforce.

Base Power specializes in providing reliable and affordable power solutions and provides backup power during outages. The firm offers battery-powered home energy services. The firm’s product includes a 20kWh battery and an 11kW inverter that protects homes from power outages.

The company generates revenue through electricity sales to residential customers, battery installation and service programs, subscription-style energy plans, and grid-support services Tprovided through its distributed battery network. Base also monetizes battery fleets by responding to peak-demand events and supplying capacity or grid-balancing services to utilities and energy markets.

The company will use the August 2026 funding to expand deployment of its home battery systems, enter new markets, and grow its workforce.

## Funding rounds

- Round, Oct 2, 2026, $1B
- Series D, Aug 3, 2026, $1B — Lightspeed Venture Partners, Valor Equity Partners, JPMorgan Chase, Andreessen Horowitz, Coatue Management, Sands Capital Management, Thrive Capital, Ribbit Capital, Altimeter Capital, CapitalG, Energy Impact Partners, D1 Capital Partners, Trust Ventures, Addition, IronSpring Ventures, Layer Global
- Series C, Oct 8, 2025, $1B — Lightspeed Venture Partners, Valor Equity Partners, Spark Capital, StepStone, Andreessen Horowitz, Thrive Capital, Ribbit Capital, Altimeter Capital, 137 ventures, CapitalG, Salesforce Ventures, Glade Brook Capital Partners, Avenir Growth Capital, Trust Ventures, Bond, Addition, Lowercarbon Capital, Positive Sum, Waybury Capital, Aureolis Ventures, 1789 Capital, Terrain
- Series B, Apr 8, 2025, $200M — Lightspeed Venture Partners, Valor Equity Partners, StepStone, Andreessen Horowitz, Thrive Capital, Altimeter Capital, Trust Ventures, Addition, Terrain
- Series A, May 7, 2024, $68M — Valor Equity Partners, Thrive Capital, Altimeter Capital, Trust Ventures, Overmatch, Terrain

## Investors

- Valor Equity Partners (https://capitalatlas.ai/funds/valor-equity-partners) — Series A, Series B, Series C, Series D
- Thrive Capital (https://capitalatlas.ai/funds/thrive-capital) — Series A, Series B, Series C, Series D
- Altimeter Capital (https://capitalatlas.ai/funds/altimeter-capital) — Series A, Series B, Series C, Series D
- Trust Ventures (https://capitalatlas.ai/funds/trust-ventures) — Series A, Series B, Series C, Series D
- Overmatch (https://capitalatlas.ai/funds/overmatch) — Series A
- Terrain (https://capitalatlas.ai/funds/terrain) — Series A, Series B, Series C
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series B, Series C, Series D
- StepStone (https://capitalatlas.ai/funds/stepstone) — Series B, Series C
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series B, Series C, Series D
- Addition (https://capitalatlas.ai/funds/addition) — Series B, Series C, Series D
- Spark Capital — Series C
- Ribbit Capital (https://capitalatlas.ai/funds/ribbit-capital) — Series C, Series D
- 137 ventures (https://capitalatlas.ai/funds/137-ventures) — Series C
- CapitalG (https://capitalatlas.ai/funds/capitalg) — Series C, Series D
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series C
- Glade Brook Capital Partners (https://capitalatlas.ai/funds/glade-brook-capital-partners) — Series C
- Avenir Growth Capital (https://capitalatlas.ai/funds/avenir-growth-capital) — Series C
- Bond (https://capitalatlas.ai/funds/bond) — Series C
- Lowercarbon Capital (https://capitalatlas.ai/funds/lowercarbon-capital) — Series C
- Positive Sum (https://capitalatlas.ai/funds/positive-sum) — Series C
- Waybury Capital (https://capitalatlas.ai/funds/waybury-capital) — Series C
- Aureolis Ventures (https://capitalatlas.ai/funds/aureolis-ventures) — Series C
- 1789 Capital (https://capitalatlas.ai/funds/1789-capital) — Series C
- JPMorgan Chase — Series D
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series D
- Sands Capital Management — Series D
- Energy Impact Partners (https://capitalatlas.ai/funds/energy-impact-partners) — Series D
- D1 Capital Partners (https://capitalatlas.ai/funds/d1-capital-partners) — Series D
- IronSpring Ventures (https://capitalatlas.ai/funds/ironspring-ventures) — Series D
- Layer Global (https://capitalatlas.ai/funds/layer-global) — Series D