Base Power is a Texas-based energy startup that aims to provide affordable, whole-home battery systems bundled with retail electricity service. The company installs and manages residential batteries that supply backup power during outages and sell excess energy back to the grid, designed to offer customers lower bills and greater resilience.
| Zach Dell Co-Founder and Chief Executive Officer |
| Justin Lopas Co-Founder and Chief Operating Officer |
Austin-based Base Power, a provider of home batteries for backup power, is in talks to raise around $1 billion at a $12 billion valuation, four sources familiar with the matter told Forbes. Ribbit Capital is in talks to lead the round, one of the sources said.
Base Power, led by co-founder and CEO Zach Dell, the son of Dell Technologies founder Michael Dell, plans to invest $265 million in a new 486,000-square-foot manufacturing facility near Austin-Bergstrom International Airport.