Zach Dell and Justin Lopas, co-founders of Base, discuss their recent $200 million Series B funding and their ambitious vision for revolutionizing the energy industry. Co-led by Addition, Andreessen Horowitz, Lightspeed Venture Partners and Valor Equity Partners with participation from existing investors Thrive Capital, Altimeter, Terrain, Trust and others. As part of the fundraise, Addition founder Lee Fixel will join Base Power’s board alongside Antonio Gracias of Valor Equity Partners.
The new capital aims to unlock the next phase of growth for Base, including team expansion, market entry, and new product development. The episode delves into Base's unique approach to vertically integrating battery technology, offering both grid services and affordable, reliable power to homeowners. The conversation highlights the founders' experiences at SpaceX, Anduril, and Thrive Capital, shedding light on their mission to fix the power grid through aggressive, technology-driven execution. Learn how Base aims to become a household name and the SpaceX of the energy sector, starting with deployments in Texas and expanding nationwide.
About Base Power:
Founded in 2023 and headquartered in Austin, Texas, Base Power is an energy company building a grid for the future—starting with battery-powered home energy service. The company’s mission is to advance human prosperity through energy abundance—delivering reliable and affordable power for all. Learn more at basepowercompany.com.
Molly on X: https://x.com/MollySOShea
Zach on X: https://x.com/
ZachBDellJustin on X: https://x.com/JLopas
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TIMESTAMPS:
00:00 - $200M Series B Announcement
00:51 - Base's Vision & Execution Strategy
02:28 - Energy Technology & Market Expansion
03:41 - The US Energy Problem & Grid Challenges
06:30- Why Texas? Strategic Location & Market
09:32 - Founders' Backgrounds & Entrepreneurial Journey
18:24 - Early Challenges & Iterative Approach
23:21 - Vertical Integration & Cost Advantage
26:05 - Customer Journey & Installation Process
30:34 - Energy Industry Breakdown
35:16 - Texas Energy Market & Regulatory Environment
38:38 - Scaling & Expansion Plans
42:45 - Team & Company Culture
46:58 - Future Vision & Goals
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