Base Power valuation, funding and investors
Base Power works in home backup power system installation, based in Austin, United States. Founded in 2023, it has about 486 employees.
- Last round
- Series D · $1.00B · Aug 2026
- Valuation at last round
- $13.00B
- Headcount
- 486 · growing
- Grade
- A
- Founded
- 2023
Base Power valuation today
VCMC values Base Power at $13.8B today, with a range of $11.3B to $19.4B and a grade of A. The valuation starts from its last funding round, a Series D round in Aug 2026.
Valuation by date (50 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2023 | $22.1M | $8.05M – $60.7M | $24.1M (+9%) | before first round | – | unknown | D | 0% |
| 1 Feb 2023 | $22.3M | $8.11M – $61.2M | $24.3M (+9%) | before first round | – | unknown | D | 0% |
| 1 Mar 2023 | $22.4M | $8.16M – $61.6M | $24.5M (+9%) | before first round | – | unknown | D | 0% |
| 1 Apr 2023 | $22.6M | $8.22M – $62.0M | $24.7M (+9%) | before first round | – | unknown | D | 0% |
| 1 May 2023 | $22.8M | $8.28M – $62.5M | $24.8M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jun 2023 | $22.9M | $8.35M – $63.0M | $25.0M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jul 2023 | $23.1M | $8.41M – $63.4M | $25.2M (+9%) | before first round | – | unknown | D | 0% |
| 1 Aug 2023 | $23.3M | $8.47M – $63.9M | $25.2M (+8%) | before first round | – | unknown | D | 0% |
| 1 Sep 2023 | $23.4M | $8.53M – $64.4M | $25.2M (+8%) | before first round | – | unknown | D | 0% |
| 1 Oct 2023 | $23.6M | $8.59M – $64.8M | $25.2M (+7%) | before first round | – | unknown | D | 0% |
| 1 Nov 2023 | $23.8M | $8.66M – $65.3M | $25.2M (+6%) | before first round | – | unknown | D | 0% |
| 1 Dec 2023 | $24.0M | $8.72M – $65.8M | $25.2M (+5%) | before first round | – | unknown | D | 0% |
| 1 Jan 2024 | $24.1M | $8.79M – $66.3M | $25.2M (+5%) | before first round | – | unknown | D | 0% |
| 1 Feb 2024 | $24.3M | $8.85M – $66.8M | $25.2M (+4%) | before first round | – | unknown | D | 0% |
| 1 Mar 2024 | $15.7M | $5.71M – $43.1M | $16.1M (+3%) | before first round | 1 | unknown | D | 0% |
| 1 Apr 2024 | $15.8M | $5.75M – $43.4M | $16.1M (+2%) | before first round | 1 | unknown | D | 0% |
| 1 May 2024 | $15.9M | $5.79M – $43.7M | $16.1M (+1%) | before first round | 1 | unknown | D | 0% |
| 1 Jun 2024 | $16.0M | $5.83M – $44.0M | $16.1M (+1%) | before first round | 1 | unknown | D | 0% |
| 1 Jul 2024 | $16.1M | $5.88M – $44.3M | $16.1M (0%) | before first round | 1 | unknown | D | 0% |
| 1 Aug 2024 | $40.8M | $17.5M – $80.9M | $40.8M (0%) | before first round | 42 | growing | C | 0% |
| 1 Sep 2024 | $40.8M | $17.5M – $80.9M | $40.8M (0%) | before first round | 42 | growing | C | 0% |
| 1 Oct 2024 | $40.8M | $17.5M – $80.9M | $40.8M (0%) | before first round | 42 | growing | C | 0% |
| 1 Nov 2024 | $43.3M | $18.5M – $86.0M | $43.3M (0%) | before first round | 61 | growing | C | 0% |
| 1 Dec 2024 | $43.3M | $18.5M – $86.0M | $43.3M (0%) | before first round | 61 | growing | C | 0% |
| 1 Jan 2025 | $43.3M | $18.5M – $86.0M | $43.3M (0%) | before first round | 61 | growing | C | 0% |
| 1 Feb 2025 | $43.3M | $18.5M – $86.0M | $43.3M (0%) | before first round | 61 | growing | C | 0% |
| 1 Mar 2025 | $43.3M | $18.5M – $86.0M | $43.3M (0%) | before first round | 61 | growing | C | 0% |
| 1 Apr 2025 | $43.3M | $18.5M – $86.0M | $43.3M (0%) | before first round | 61 | growing | C | 0% |
| 10 Apr 2025 | $1.4B | $939M – $3.3B | $2.1B (+50%) | after a round | 61 | growing | C | 0% |
| 1 May 2025 | $1.5B | $939M – $3.3B | $2.1B (+46%) | after a round | 61 | growing | C | 0% |
| 1 Jun 2025 | $1.5B | $939M – $3.3B | $2.1B (+41%) | after a round | 61 | growing | C | 0% |
| 1 Jul 2025 | $1.6B | $939M – $3.3B | $2.1B (+37%) | after a round | 61 | growing | C | 0% |
| 1 Aug 2025 | $1.6B | $939M – $3.3B | $2.1B (+32%) | after a round | 61 | growing | C | 0% |
| 1 Sep 2025 | $1.7B | $939M – $3.3B | $2.1B (+28%) | after a round | 61 | growing | C | 0% |
| 1 Oct 2025 | $2.0B | $1.2B – $4.2B | $2.8B (+41%) | after a round | 195 | growing | C | 0% |
| 9 Oct 2025 | $5.5B | $3.9B – $10.2B | $7.2B (+30%) | after a round | 195 | growing | B | 0% |
| 1 Nov 2025 | $5.6B | $3.9B – $10.2B | $7.2B (+28%) | after a round | 195 | growing | B | 0% |
| 1 Dec 2025 | $5.8B | $3.9B – $10.2B | $7.2B (+25%) | after a round | 195 | growing | B | 0% |
| 1 Jan 2026 | $5.9B | $3.9B – $10.2B | $7.2B (+22%) | after a round | 195 | growing | B | 0% |
| 1 Feb 2026 | $6.0B | $3.9B – $10.2B | $7.2B (+20%) | after a round | 195 | growing | B | 0% |
| 1 Mar 2026 | $6.1B | $3.9B – $10.2B | $7.2B (+17%) | after a round | 195 | growing | B | 0% |
| 1 Apr 2026 | $6.6B | $4.3B – $11.4B | $8.0B (+21%) | after a round | 317 | growing | B | 0% |
| 1 May 2026 | $6.9B | $4.4B – $11.6B | $8.2B (+19%) | after a round | 352 | growing | B | 0% |
| 1 Jun 2026 | $7.1B | $4.4B – $11.6B | $8.2B (+15%) | after a round | 352 | growing | B | 0% |
| 1 Jul 2026 | $7.4B | $4.4B – $11.6B | $8.2B (+11%) | after a round | 352 | growing | B | 0% |
| 1 Aug 2026 | $7.6B | $4.4B – $11.6B | $8.2B (+8%) | after a round | 352 | growing | B | 0% |
| 4 Aug 2026 | $13.0B | $11.3B – $19.4B | $16.9B (+30%) | after a round | 352 | growing | A | 0% |
| 1 Sep 2026 | $13.3B | $11.3B – $19.4B | $16.9B (+27%) | after a round | 352 | growing | A | 0% |
| 1 Oct 2026 | $13.6B | $11.3B – $19.4B | $16.9B (+25%) | after a round | 486 | growing | A | 0% |
| 24 Oct 2026 | $13.8B | $11.3B – $19.4B | $16.9B (+23%) | after a round | 486 | growing | A | 0% |
Key facts about Base Power
- Founded
- 2023
- Headquarters
- Austin, United States
- Employees
- about 486 +149% in a year
- Total raised
- $2.20B
- Funding rounds
- 3
- Last round
- Series D Aug 2026
Base Power was founded in 2023 by Justin Lopas.
Base Power funding history
Base Power has 3 funding rounds on record, from Apr 2025 to Aug 2026, $2.20B in total. The latest disclosed valuation is $13.00B post-money (Series D, Aug 2026).
Series D 3 Aug 2026
Led by Ribbit, Addition, Valor, JPMorgan Chase's Strategic Investment Group; with Thrive Capital, Andreessen Horowitz, Lightspeed Venture Partners, Trust Ventures, CapitalG, Altimeter, D1 Capital Partners, Sands Capital, Coatue, Layer Global, Energy Impact Partners.
Sources: sourcery.vc, businesswire.com, castleplacement.com
$1.00B
$13.00B post-money
Series C 8 Oct 2025
Led by Addition; with Trust Ventures, Valor, Thrive Capital, Lightspeed, Andreessen Horowitz, Altimeter, StepStone, 137 Ventures, Terrain, Waybury Capital, Ribbit, CapitalG, Spark Capital, BOND, Lowercarbon Capital, Avenir, Glade Brook, Positive Sum, Elad Gil.
Sources: finsmes.com, esgtoday.com, energy-storage.news and 1 more
$1.00B
Series B 9 Apr 2025
Led by Addition, Andreessen Horowitz, Lightspeed Venture Partners, Valor; with Thrive Capital, Altimeter, Terrain, Trust Ventures.
Sources: ipo.club, esgtoday.com, silicon.co.uk and 4 more
$200M
Base Power investors
27 investors have backed Base Power; Addition, Andreessen Horowitz and Valor and 3 more led at least one round.
- Addition lead, 3 rounds
- Andreessen Horowitz lead, 3 rounds
- Valor lead, 3 rounds
- Lightspeed Venture Partners lead, 2 rounds
- Ribbit lead, 2 rounds
- JPMorgan Chase's Strategic Investment Group lead
- Altimeter 3 rounds
- Thrive Capital 3 rounds
- CapitalG 2 rounds
- 137 Ventures
- BOND
- Coatue
- D1 Capital Partners
- Elad Gil
- Energy Impact Partners
- Glade Brook
- Layer Global
- Lightspeed
- Lowercarbon Capital
- Positive Sum
- Sands Capital
- Spark Capital
- StepStone
What Base Power does
Base Power works in utility companies, with 13 recorded offerings and customers in energy.
Base Power, Inc. is an American energy company that provides home backup power solutions, including whole-home battery backup systems and grid balancing software. The company operates as a registered retail electric provider and offers a fixed, low-cost electricity plan powered by renewable energy. Base Power also provides a solar buyback program for homeowners with solar panels and supports its operations with a mobile app for energy monitoring and backup status. The company is certified under UL standards and serves homeowners across Texas.
Description from Veridion's company data.
Products and services
- Home Backup Power System Installation
- Battery Backup System Customization
- Renewable Energy Supply and Distribution
- Grid Balancing Software Development
- Outage Prediction Technology Development
- Mobile Energy Monitoring Services
- Distributed Battery Network Deployment
- Critical Infrastructure Power Solutions
- Energy Infrastructure Engineering Services
- Sustainable Energy Solutions Consulting
- Utility-Scale Storage Integration Services
- Energy Plan Customization Services
- Nationwide Energy Infrastructure Deployment
Markets
- Energy
Technology
- Grid Balancing Software
- Outage Prediction Technology
- Whole-Home Battery Backup System
- Solar Buyback Program
Certifications
- UL 1973
- UL 1741
- UL 9540
- UL 9540A
Business model
- Business-to-Consumer
- Service Provider
- Subscription-Based
Industry codes (NAICS)
- 221122 Electric Power Distribution 50% match
- 238210 Electrical Contractors and Other Wiring Installation Contractors 30% match
- 541511 Custom Computer Programming Services 20% match
Questions about Base Power
What is Base Power worth?
Valuation $13.8B (range $11.3B to $19.4B), as of 24 Oct 2026. The last disclosed valuation was $13.00B (Series D, Aug 2026).
Has Base Power raised money?
Base Power has 3 funding rounds on record, from Apr 2025 to Aug 2026, $2.20B in total. The latest disclosed valuation is $13.00B post-money (Series D, Aug 2026).
Who has invested in Base Power?
Addition, Andreessen Horowitz, Valor, Lightspeed Venture Partners, Ribbit and JPMorgan Chase's Strategic Investment Group, and 21 more. Lead investors include Addition, Andreessen Horowitz, Valor and Lightspeed Venture Partners.
How many people work at Base Power?
About 486, up 149% over the last year. Headcount grew from 1 in Mar 2024 to 486 in Sep 2026.
What does Base Power do?
Base Power works in utility companies, with 13 recorded offerings and customers in energy. Its main offerings are home backup power system installation, battery backup system customization and renewable energy supply and distribution.
When was Base Power founded, and where is it based?
Base Power was founded in 2023 and is based in Austin, United States. It has about 486 employees, up 149% over the last year.