Base Power (Series B)

Traction: Base Power has grown to one of the largest battery fleets in Texas, installing 10 megawatt-hours in March and aiming for 100 megawatt-hours by summer.
Founders: Zach Dell
Company Description: Base Power is a startup that provides home backup batteries with capacities of 25 or 50 kilowatt-hours, significantly larger than competitors like Tesla's Powerwall, and offers them at a lower upfront cost. The company aims to build a megawatt-class fleet of batteries for residential use, leveraging Texas's power market for grid-balancing operations.
Market: Home Backup Power
Location: Texas, United States
Coinvestors: Addition, Andreessen Horowitz, Lightspeed Venture Partners, Valor Equity Partners, Altimeter, Terrain, Thrive Ventures, Trust Ventures