Base Raises $200 Million Series B Round Led By Addition And A16z For Energy Network

Base, founded and led by CEO Zach Dell, has raised a $200M Series B round to build America’s next-generation power company. The round was led by Addition, a16z, Lightspeed, and Valor, with participation from Thrive, Altimeter, Trust Ventures, and Terrain. Base is developing a distributed energy network to stabilize the power grid and deliver affordable, reliable electricity through home battery installations. Since launching last year, the team has expanded across 70+ Texas municipalities, deployed over 10MWh of storage, and partnered with utilities like Bandera Electric and homebuilders like Lennar. The new capital will fund R&D, factory expansion in Texas, and continued growth.

INVESTORS: Addition, Andreessen Horowitz (a16z), Lightspeed Venture Partners, Valor Equity Partners, Thrive Capital, Altimeter Capital, Trust Ventures & Terrain

ROUND: Series B AMOUNT: $200,000,000

HQ: #Austin #Texas

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