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Had a blast last week in Austin touring Base Powers HQ and their first manufacturing site with co-founder Justin Lopas. Today they are announcing a $1B Series C led by Addition. Come take a tour with me and hear more on their future plans and open roles:

39,583 просмотров • 1 год назад •via X (Twitter)

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BREAKING: Base Power Raises $1 Billion Series D, Hitting $13 Billion Valuation & Launching "Base Core" First-of-its-Kind Home Battery Built in the USA $2.5B+ in total funding to date Co-Founder Justin Lopas (Justin Lopas) gives us a Factory 1 tour in Austin, Texas Founded in 2023, by Justin & Zach Dell (Zach Dell). Base Power designs, manufactures, & installs home batteries that back up the house & support the grid Just 10 months after their Series C, this round was led by Micky Malka's Ribbit, Addition, Valor Equity Partners, & JPMorganChase's Strategic Investment Group, with participation from Altimeter, D1 Capital Partners, Sands Capital, Coatue, Layer Global, & Energy Impact Partners Base’s major existing investors are re-investing, including Thrive Capital, a16z, Lightspeed, Trust Ventures, CapitalG, & more "It is so critical to bring manufacturing back to the US, especially for critical infrastructure." "It's a vertical integration thesis. We can cut down cost. We can reduce lead time. We can change the hardware much more quickly." We Cover: › Base Core, 40 kWh with a 20 kW inverter, roughly 3X a conventional home battery › Whole home backup, installed in under an hour › Fleet past 500 MWh, over 100 installs a day › 200+ MW of utility partnerships with El Paso Electric, Austin Energy, & CoServ › Factory 1 built in 6 months, targeting 4,000 units a week by year end › 100% US and Mexico supply chain › Batteries installed around data centers to offset interconnection load 𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒 (00:00) Justin Lopas, Co-Founder & COO, Base Power (01:06) Base Power raises $1B Series D (02:26) Meet Base Core (05:42) Demo: Whole-home backup in action (07:06) How Base Power's business model works (08:55) Inside Base Power's Factory (11:28) Why Base Core is 3x larger than other home batteries (12:05) Inside the manufacturing line (13:23) Can humanoid robots build batteries? (14:13) Why Base Power manufactures its own batteries (15:47) Inside the robotic assembly line (18:09) How lithium-ion batteries work (21:40) Scaling production to 4,000 units a week (22:33) Installing 100+ systems a day (23:03) COO or Electrician? (23:53) From oil rigs to Base Power

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BREAKING: Base Power Raises $1 Billion Series C Led by Addition Zach Dell, Co-Founder & CEO, joins Sourcery to discuss Base's strategic funding, rapid growth, & the world-class talent needed to seize the gigawatt-scale opportunity We Break Down: - $200M Series B to $1B Series C in < 6 months - Building Base Factory One in Austin and plans for more domestic manufacturing - How Base Power is reinventing America’s energy grid with distributed batteries - Why AI & data centers make energy the new bottleneck for innovation. - The culture & team powering one of America’s most ambitious startups Investors: All other major investors are re-investing, including Trust Ventures, Valor Equity Partners, Thrive, Lightspeed, a16z, Altimeter, Stepstone, Elad Gil, 137 Ventures, Terrain, & Waybury. New major investors include Ribbit, CapitalG, Spark, BOND, Lowercarbon, Avenir, Glade Brook, Positive Sum, and 1789. Highlights (00:00) Factory Tour in Austin (01:21) $1 Billion Series C Led by Addition (02:15) Fast-Following $200M Series B (02:52) Growth Metrics: 30% MoM, Thousand+ Waitlist (03:36) Cap Table Breakdown: Addition, Thrive, Valor, a16z, Lightspeed, Ribbit, CapitalG & more (05:00) Strategic Investors: Lennar, Starwood, Endowments (06:30) Investor Involvement: Valor & Addition (08:18) Base Power’s “Blue Collar” Culture: Chop Wood, Carry Water (11:31) Founding Story: From Blackstone & Thrive to Anduril → Base Power (14:00) Recruiting Tesla, SpaceX, Anduril Veterans to Build the Team (16:45) Operational North Stars: Fastest Battery Deployment at Lowest Cost (17:30) Building the First Beloved Brand in Energy (19:00) Attracting Talent to Austin & Base’s Unique Culture (22:30) Energy as the Bottleneck for AI & Data Centers (25:00) Speed to Power: Deploying 100MW+ per Month (27:15) Texas ADER Qualification & National Expansion (30:30) Leadership Lessons: Hiring, Focus & Ruthless Prioritization (34:30) What’s Next: Factory One, New Products, Gigawatt Race Zach Dell Justin Lopas Base Power

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