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There is a ceramic turtle in Base Power's office. Justin Lopas (Justin Lopas), its Co-founder & COO, told me it moves to whoever is holding the company up. "We've used it as a way to signify and sort of make light of the slowest person or group basically." Constrained...

13,478 görüntüleme • 1 ay önce •via X (Twitter)

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Today I sit down with Justin Lopas (Justin Lopas), Co-founder & COO of Base Power. On Monday Base announced a $1B Series D at a $13B post money valuation. Justin spent his early career at SpaceX, where he helped lead the Brownsville site that became Starbase, then ran manufacturing at Anduril. Base puts large batteries on homes, owns and operates them, and uses the fleet to support the grid. This is a conversation about speed, and about how much of it turns out to be a decision rather than an effort level. We discuss: • Why he wanted their first battery installed fast instead of right • Why he thinks good manufacturing is decided during design, not on the factory floor • Why he does not push his suppliers as hard on price as he could • Why SpaceX put him in charge of building the Starship factory two and a half years into his career • The question he asks to find out why a job is really taking so long • How a battery company ended up training its own electricians • Why he calls Base an infrastructure company and not a product company Timestamps: (00:00) Intro (00:48) From Late-Night Research to an Office in Austin (07:55) The First Battery Install Was an Epic Failure (09:15) Finding a Battery Supplier Who Would Let Them In (15:47) Killing Gen Two and Skipping Straight to Gen Three (22:52) From a Hundred Requirements to Cardboard Cutouts (26:02) Good Manufacturing Is Won or Lost at the Design Stage (32:48) How to Build a Supply Chain From Nothing (40:51) Negotiating With Suppliers and Deciding What to Build Yourself (44:58) The Turtle That Marks the Slowest Team (47:39) The SpaceX Lessons on Talent and Speed (54:09) Building a Regulatory Team and Choosing the Next State (58:19) Managing Complexity Is the Whole Job (1:03:20) Tesla Sells Products, Base Owns Infrastructure (1:05:24) Training Electricians and Staying Out of Commercial

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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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