Base Power at a glance
As of- Lead investors
- Ribbit Capital, Addition, Valor Equity Partners, JPMorganChase Strategic Investment Group[3]
- Series D · August 2026
- [1] Latest valuation: TechCrunch, August 3, 2026
- [2] Equity raised: Sum of the 1 sourced equity round in the funding history below (debt, tender offers and rumored rounds excluded), August 3, 2026
- [3] Lead investors: TechCrunch, August 3, 2026
Ranked on: #1 Top Climate & Energy Startups 2026 · #19 Largest Series C+ Rounds of 2026 (Ranked) · #35 Most Valuable Private Companies 2026 · Get your badge →
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Company Snapshot
Base Power is an Energy/Grid company, based in Austin, Texas, USA, founded 2023.
Recent changes
- Aug 4, 2026Aug 4, 2026Base Power Raises $1B at $13B for Home Batteries Pulse story
- Aug 3, 2026Aug 3, 2026Raised $1B Series D at a $13B valuation TechCrunch
- Aug 3, 2026Aug 3, 2026New investor: Addition TechCrunch
- Aug 3, 2026Aug 3, 2026New investor: Valor Equity Partners TechCrunch
- Aug 3, 2026Aug 3, 2026New investor: Ribbit Capital TechCrunch
Earlier changes (6)
- Aug 3, 2026Aug 3, 2026New investor: JPMorganChase Strategic Investment Group TechCrunch
- Aug 3, 2026Aug 3, 2026Base Power Raises $1B More for Grid Batteries Pulse story
- Aug 3, 2026Aug 3, 2026Base Power Raises $1B, Launches Home Battery Pulse story
- Aug 3, 2026Aug 3, 2026Base Power Raises Another $1B for Home Batteries Pulse story
- Aug 2026Aug 2026First reported valuation: $13B (Aug 2026) Value Add Pulse enrichment
- Oct 8, 2025Oct 8, 2025Raised $1B Series C at a $4B valuation Value Add Pulse enrichment
Funding history
2 equity events · newest first · sources dated per row| Date | Round | Amount | Valuation | Lead investors | Source |
|---|---|---|---|---|---|
| Aug 3, 2026 | Series D | $1B | $13Bpost-money | TechCrunchPulse story | |
| Oct 8, 2025 | Series Cnot counted: no linked source | $1B | $4Bpost-money | — | Value Add Pulse research |
Equity only. “Equity raised” above sums the rounds with a dated, linked source; rumored rounds, tender offers and secondary sales are listed but not counted, and debt financing is listed separately.
Investors
Latest Pulse
- Sep 7, 2026August Venture Funding Hit $42B, Up 122%Global venture investors deployed $42 billion across more than 1,500 startups in August 2026 -- more than double August 2025, but a quarter below July's $56 billion.→
- Sep 3, 2026August VC Funding Jumped 122% From a Year AgoGlobal venture funding hit $42 billion across more than 1,500 startups in August, up 122% year over year but down 25% from July, with seven companies closing billion-dollar rounds led by Databricks at a $190 billion valuation.→
- Sep 1, 2026a16z's Growth Fund Hits $8.5B, Days After a New $1.1B FundAndreessen Horowitz expanded its fifth Growth fund to $8.5 billion just three days after closing a separate $1.1 billion fund dedicated to AI hardware -- roughly $9.6 billion in fresh capital disclosed in a single week.→
- Aug 31, 2026A16Z's Machine Age Fund: What the $1.1B Is Actually ForA16Z's new $1.1 billion Machine Age Fund isn't a diversification bet -- hardware now makes up more than a fifth of the firm's deal flow, and this fund formalizes a shift that's been building for two years.→
- Aug 29, 2026Physical AI Is Out-Raising the Model Layer This MonthNamed August rounds for chips, energy and defense hardware -- Castelion, Etched, Groq and Base Power -- total more than $3.2 billion, versus roughly $1.1 billion for consumer and enterprise AI application startups covered on Pulse the same month.→
- Aug 15, 2026Why VCs' Biggest August Checks Went to Reactors, Not AppsFive of the month's largest venture rounds funded nuclear reactors, home batteries, GPU-training infrastructure and automated factories rather than software, a distribution that says more about where capital is scarce than about any single pitch deck.→
- Aug 14, 2026Form Energy Raises $750M to Scale Grid BatteriesForm Energy raised $750 million led by T. Rowe Price to scale its 100-hour iron-air grid battery technology, the third-largest round in Crunchbase's tracking of this week's biggest U.S. deals behind Databricks and River AI.→
- Aug 9, 2026Nvidia Is Becoming AI Infrastructure's LandlordNvidia is trading chip sales for equity stakes and exclusivity clauses across the power, land and compute layers underneath AI, a shift that turns the world's most valuable chipmaker into a landlord for the entire stack.→
- Aug 9, 2026Physical AI's Biggest Week Yet: $21 BillionSix deals in seven days — Lumilens, Hadrian, Terafab, Valar Atomics, Base Power and K2 Space — pushed more than $21 billion into reactors, factories, satellites and chips, not a single model release among them.→
- Aug 8, 2026The AI Infrastructure Tally Just Crossed $19.5BLumilens' $700M+ raise pushes this week's tally of AI physical-infrastructure funding -- reactors, batteries, fabs and now optical networking -- to roughly $19.5B across four distinct layers of the stack.→
Coverage Timeline
newest first- Aug 29, 2026FUNDINGPhysical AI Is Out-Raising the Model Layer This Month→
- Aug 9, 2026AIPhysical AI's Biggest Week Yet: $21 Billion→
- Aug 6, 2026FUNDINGThe Real AI Bottleneck This Week Was Power$18.8B combined→
- Aug 6, 2026FUNDINGThis Week's AI Infra Rounds Already Top $3.5B→
- Aug 4, 2026FUNDINGBase Power Raises $1B at $13B for Home Batteries$1B Series D→
- Aug 3, 2026FUNDINGBase Power Raises $1B, Launches Home Battery$1B Series D→
- Aug 3, 2026FUNDINGBase Power Raises $1B More for Grid Batteries$1B @ $13B val→
- Aug 3, 2026FUNDINGBase Power Raises Another $1B for Home Batteries$1B @ $13B val→
All Coverage
FUNDING
Physical AI Is Out-Raising the Model Layer This Month
Named August rounds for chips, energy and defense hardware -- Castelion, Etched, Groq and Base Power -- total more than $3.2 billion, versus roughly $1.1 billion for consumer and enterprise AI application startups covered on Pulse the same month.
BY THE NUMBERS
Physical AI's Biggest Week Yet: $21 Billion
AI
Physical AI's Biggest Week Yet: $21 Billion
Six deals in seven days — Lumilens, Hadrian, Terafab, Valar Atomics, Base Power and K2 Space — pushed more than $21 billion into reactors, factories, satellites and chips, not a single model release among them.
DEEP DIVE
The Real AI Bottleneck This Week Was Power
FUNDING$18.8B combined
The Real AI Bottleneck This Week Was Power
Three separate US infrastructure rounds this week -- Valar Atomics' $1B nuclear raise, Base Power's $1B grid battery round, and Tesla-SpaceX's $16.8B chip fab -- show investors funding the physical layer beneath AI as heavily as the models themselves.
BY THE NUMBERS
This Week's AI Infra Rounds Already Top $3.5B
FUNDING
This Week's AI Infra Rounds Already Top $3.5B
Six rounds priced between August 3 and 6 -- Base Power, Valar Atomics, ICEYE, Olix, Obsidian Security and Faye -- add up to roughly $3.5B in fresh capital, almost all of it flowing to physical AI infrastructure, not software.
BY THE NUMBERS
Base Power Raises $1B at $13B for Home Batteries
FUNDING$1B Series D
Base Power Raises $1B at $13B for Home Batteries
A consortium led by JPMorgan's Strategic Investment Group put $1B into Base Power at a $13B valuation, backing a company that leases home batteries and sells the aggregated capacity back to the grid.
Base Power Raises $1B, Launches Home Battery
FUNDING$1B Series D
Base Power Raises $1B, Launches Home Battery
Base Power raised $1B at a $13B valuation and launched Base Core, a 39.2 kWh home battery built in Austin -- a bet that AI-driven grid strain shows up first at the household level.
Base Power Raises $1B More for Grid Batteries
FUNDING$1B @ $13B val
Base Power Raises $1B More for Grid Batteries
Base Power closed a $1B Series D at a $13B valuation, less than a year after its last billion-dollar round, to keep installing home batteries at roughly 100 per day.
Base Power Raises Another $1B for Home Batteries
FUNDING$1B @ $13B val
Base Power Raises Another $1B for Home Batteries
Base Power, founded by Zach Dell, raised another $1B Series D at a $13B valuation to keep installing backyard home batteries it never sells to customers -- it owns and monetizes them as grid assets.
Value Add Research
- Market & Trends · Oct 19, 2026Base Power Revenue 2026: $70M Estimate vs $12M in 2025
- Market & Trends · Aug 27, 2026Base Power Valuation 2026: $13B After a $1B Series D in 10 Months
- Market & Trends · Oct 20, 2026Q3 2026 Climate/Energy Rounds: Joulent's $1.75B Leads
- AI & Technology · Aug 26, 2026Emerald AI Valuation 2026: $150M Series A, $1.05B, 100GW Bet
- VC & Investing · Aug 20, 2026$310M at $1.5B — Mariana Minerals AI Mining
- Market & Trends · Jul 15, 2026Solar & Battery Startups — 2026 Clean Energy Boom
Related Companies
Shared investors
Base Power FAQ
What is Base Power's valuation?
Base Power was last valued at $13B in its August 2026 Series D, according to TechCrunch (August 3, 2026).
How much has Base Power raised?
Base Power has raised at least $1B in equity across 1 sourced funding round tracked by Value Add VC. The most recent was a $1B Series D in August 2026 at a $13B post-money valuation, reported by TechCrunch. Debt financing, tender offers and secondary sales are not counted.
Who invested in Base Power?
Lead investors in Base Power's sourced funding rounds include Ribbit Capital, Addition, Valor Equity Partners and JPMorganChase Strategic Investment Group. Per round: its August 2026 Series D was led by Ribbit Capital, Addition, Valor Equity Partners and JPMorganChase Strategic Investment Group.
Sources & methodologyshow
Where these figures come from
- TechCrunchmajor outlet2 facts
- Value Add Pulse researchValue Add VC data1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.