Base Power Raises $1B For Home Batteries

Base Power Raises $1B For Home Batteries

Base Power Raises $1B To Deploy Home Batteries Everywhere Base Power raises $1B to deploy home batteries everywhere, marking a massive leap for the Texas-based energy startup. In just two years, the company has become one of the fastest-growing names in home energy storage—and it’s only getting started. Image Credits:Base Power The Austin-based startup had already secured $200 million in funding earlier this year. Now, with this new $1 billion Series C round , led by Addition and joined by CapitalG, Elad Gil, Lightspeed, Ribbit, Thrive Capital, and Valor Equity Partners, Base Power’s total valuation has surged to $3 billion pre-money , according to The New York Times . Building The Future Of Home Energy Storage Base Power has already deployed more than 100 megawatt-hours of home storage batteries across Texas. That’s an impressive feat for a company founded just in 2023. The startup’s approach is simple yet transformative: make home batteries accessible to everyone . Homeowners can lease Base P…