Sourcery
Base Power's $200M Series B Co-Led by Lee Fixel of Addition, A16Z, Lightspeed, & Valor Equity Partners
Apr 9, 2025
Zach Dell and Justin Lopas, co-founders of Base, delve into their recent $200 million Series B funding, aimed at transforming the energy landscape. They share their vision for revolutionizing the power grid with vertically integrated battery technology. The duo recounts their experiences at SpaceX and Anduril, highlighting how these shaped their approach to innovation in energy. They discuss challenges within Texas's electricity market, their ambitious growth plans, and strategies for becoming a household name in clean energy.
58:25
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Quick takeaways
- Base Power recently secured $200 million in Series B funding to fuel its ambitious plans for creating a revolutionary energy grid.
- The company's operational philosophy centers on 'executing violently,' emphasizing speed and high standards to deploy battery technology effectively.
Deep dives
Successful Series B Fundraising
The recent Series B funding round raised $200 million, primarily led by Addition, Andreessen Horowitz, and Lightspeed, alongside existing investors such as Valor and Thrive. This significant capital will enable the company to expand its team and broaden its operational capabilities, including deploying more batteries in Texas. The goal is to advance towards becoming a modern power company that utilizes advanced technology for energy distribution and management. This funding is viewed as a crucial step in the company's growth journey and a testament to investors' confidence in their innovative approach to energy solutions.
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