Base Power

basepowercompany.com ↗added 2026-09-02

★ Lead investor roster expanded from a single lead (Addition, Series C) to a syndicate of Ribbit, Addition, Valor Equity Partners and JPMorgan Chase Strategic Investment Group (Series D), suggesting broadening institutional conviction rather than one firm's bet

Worth-Joining Index · Scorecard

v2.1 ALPHA · 2026-08

Career Score

—/100

Coverage

48%thin data

Verified

Stage cohort

Early

Vibe Check

🎪 community voting coming soon

Momentum

4/4

Efficiency

unknown

Backing

5/5

Market

7.7/11

Product

6.6/11

Upside

2/8

See all rankings →Methodology →Company or employee? Correct the data →

Latest valuation

$13B-money (Series D, 2026-08)

Series D · 2026-08

能源家庭储能硬件Founded · 2023Stage · Growth (Series D)HQ · Austin, TX

Traction · Key numbers

Valuation paceValuation jumped from $4B (Series C, Oct 2025) to $13B (Series D, Aug 2026) in 11 months◆ Company-claimed ↗as of 2026-08

Total raisedSeries B $200M (Apr 2025) → Series C $1B (Oct 2025) → Series D $1B (Aug 2026), cumulative >$2.2B◆ Company-claimed ↗as of 2026-08

Funding

Rounds

Valuation pace

$4B

$1B

Series D · 2026-08 · valuation $13B post-money (Series D, 2026-08) · led by Ribbit Capital, Addition, Valor Equity Partners, JPMorgan Chase Strategic Investment Group

With: Altimeter, D1 Capital Partners, Sands Capital, Coatue, Thrive Capital, a16z, Lightspeed, CapitalG · Came less than a year after the last billion-dollar round; company installing ~100 batteries/day, aiming to double by year-end

$1B

Series C · 2025-10 · valuation $4B post · led by Addition

With: CapitalG, Elad Gil, Lightspeed, Ribbit, Thrive Capital, Valor Equity Partners

$200M

Series B · 2025-04

▸Lead investor roster expanded from a single lead (Addition, Series C) to a syndicate of Ribbit, Addition, Valor Equity Partners and JPMorgan Chase Strategic Investment Group (Series D), suggesting broadening institutional conviction rather than one firm's bet

▸A 3x+ valuation jump in 11 months is unusually fast for a hardware-heavy business — worth checking whether operating scale actually backs it

Founders

Zach Dell CEO

Co-founder and CEO; son of Michael Dell

Justin Lopas Co-founder

Co-founder; previously worked at SpaceX and Anduril Industries

Reality · Working here

H1B / PERMUnknown

Remote policyUnknown

Comp modelUnknown

GlassdoorUnknown — work here? Help us fill this in →

Equity liquidityUnknown

Hiring statusUnknown

Signals & Risks

CompetitorsTesla EnergySunrunSPAN

ValuationValuation nearly quadrupled from $4B to $13B post in under a year, far outpacing visible business scale-up — heightened risk of overvaluation

RegulatoryAs a de facto power retailer, the business is highly exposed to Texas/Illinois electricity market regulation and policy shifts

Supply chainOwning battery manufacturing and installation requires heavy capital expansion; doubling daily install rate is a major supply-chain and field-ops test

Editorial ✎

Good fit for

· Hardware / power-systems engineers who think of batteries, inverters and grid software as one system, not just code

· People who like field complexity — install, interconnection, and customer service are all built in-house, not outsourced

· Those with a long-term conviction on the energy transition who can tolerate slow-moving regulatory variables

Not for

· Pure software/SaaS people uncomfortable with capital-intensive manufacturing and install cadence

· Those seeking short-term certainty who underweight regulatory and policy risk

Ask in the interview

1. Valuation went from $4B to $13B in 11 months — what installed capacity/revenue growth actually backs that?

2. As a de facto power retailer, what's the contingency plan if Texas/Illinois regulatory environment shifts?

3. When the daily install-rate target doubles, where exactly are the supply chain and field-install bottlenecks?

Data changelog

Community corrections → editorial review → applied, fully on the record

2026-09-02

最近一轮领投机构 filled in as Ribbit Capital、Addition、Valor Equity Partners、JPMorgan Chase Strategic Investment Group

data as of 2026-08 · Source: TechCrunch ↗

✓ Publicly verifiable ↗

2026-09-02

最近一轮估值 filled in as $13B post-money (Series D, 2026-08)

data as of 2026-08 · Source: TechCrunch ↗

✓ Publicly verifiable ↗

Spot an error? Submit a correction → — you can correct facts, never negotiate scores.

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