StoryFunding
Base Power closes $1 billion Series D at $13 billion valuation; launches Base Core home battery
Base Power raised $1B in Series D funding, valuing the company at $13B. Led by Ribbit Capital, Addition, and Valor Equity Partners, the round brings total funding to over $2.5B. The company manufactures Base Core, a 39.2 kWh home battery, at scale in Austin and operates 550+ MWh across 30,000+ customer systems in Texas and Illinois. Capital will accelerate expansion into additional states and double installation pace by end of 2026.
- Series D closed at $1B, valuing Base Power at $13B post-money
- 550+ MWh deployed across 30,000+ customer systems in Texas and Illinois
- Base Core battery (39.2 kWh) in production at Factory 1 in Austin, thousands per month
- Plans to double installation pace and expand nationally by end of 2026