Surge Your Independence: Revolutionize Home Backup Battery Expansion with $200M Invested
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Base Power Secures $200 Million Investment to Accelerate Home Backup Battery Rollout
In a significant development, Base Power has announced that it has closed a substantial $200 million funding round led by Addition. Andreessen Horowitz, Lightspeed Venture Partners, and Valor Equity Partners also participated in the investment. This massive influx of capital will enable the company to accelerate its efforts in providing home backup batteries and expanding its operations into new states.
Base Power’s innovative approach involves installing large-capacity batteries in residential settings, which allows it to quickly build a significant fleet of batteries that can be used for grid-balancing operations. According to co-founder and CEO Zach Dell, the company is already operating at a scale that would take other companies years to achieve through traditional means.
The new funding will be utilized to ramp up installations, expand into additional states beyond Texas, and construct a domestic battery factory in the United States. While building a battery factory poses some risks, particularly with regards to tariffs, it will also provide the company with greater control over its supply chain and potentially reduce dependence on external factors.
Base Power’s strategy has proven successful thus far, with the company having already deployed 10 megawatt-hours of batteries in March and aiming to reach an impressive 100 megawatt-hour mark by summer.
Source: https://techcrunch.com/2025/04/09/a16z-backs-base-power-in-200m-round-for-home-backup-batteries/
