Funding

Climtech Startup Base Power Scores $1 Billion in Series D Funding

Aug 4, 2026 | By Devin Jacobs

SUMMARY

Base Power raised $1 billion in Series D funding.
Base Power develops home battery and energy solutions.
The funding will support expansion and product development.

Base Power, an Austin, Texas-based provider of distributed energy solutions and home battery systems, has raised $1 billion in a Series D financing round led by Ribbit, Addition, Valor Equity Partners, and JPMorganChase’s Strategic Investment Group, at a $13 billion valuation.

The round also saw participation from Altimeter, D1 Capital Partners, Sands Capital, Coatue, Layer Global, Energy Impact Partners, Thrive Capital, a16z, Lightspeed, Trust Ventures, CapitalG, and others.

The company will use the funding to expand its operation's and accelerate product development.

Funding Snapshot

Metric	Details
Fundraise Amount	$1 billion
Funding Round	Series D
Valuation	$13 billion
Total Funding	Over $2.5 billion
Company	Base Power
Sector	Energy / Distributed Energy
Headquarters	Austin, Texas, US

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About Base Power

Founded in 2023 by Zach Dell and Justin Lopas, Base Power is building distributed energy infrastructure designed to provide reliable and affordable electricity while supporting the broader power grid.

The company develops and deploys home battery systems that can add distributed energy capacity where it is needed.

Core offerings include:

Home battery system's
Distributed energy solutions
Grid capacity
Utility partnerships

Core Technologies / Products / Services

Capability/Product	Application/Use Case
Base Core	Large-scale home battery system
Home Energy Storage	Stores electricity for household use
Distributed Energy Network	Adds capacity to the power grid
Utility Partnerships	Supports grid capacity and reliability

Leadership Comments

"We brought together the best hardware and software engineers in the world to build Core - a battery designed to protect American homes while supporting the grid," said Zach Dell, CEO and co-founder of Base Power. "It installs in under an hour, switches over seamlessly, is built to handle extreme weather, and delivers extended outage protection at a price Americans can afford."

“It is so important to bring manufacturing back to the US, especially for critical infrastructure,” said Justin Lopas, COO & Co-Founder. “Base’s Factory 1 is now producing thousands of systems a month, while our deployment team enables the safe, efficient installation of them on homes throughout Texas and beyond.”