Base Power joined the Unicorn Club on October 08, 2025 after raising a $1 billion Series C funding round, reaching a $4 billion valuation. Headquartered in Austin, Texas, United States, Base Power provides residential battery storage systems designed to deliver whole home backup power.
The company focuses on reducing electricity costs and protecting households from power outages through advanced energy storage technology.
Keep reading to learn how Base Power scaled into a leading energy storage technology unicorn.
What Is Base Power and What Does It Do?
Founded in 2023, Base Power is an energy storage technology company focused on residential battery systems. The company offers home battery storage solutions that enable households to manage energy usage, reduce grid dependence, and maintain power during outages.
Base Power leverages advanced battery technology and intelligent energy management software to deliver reliable whole home backup power. Its systems are designed to improve energy resilience while lowering long term electricity costs for homeowners.
How Much Funding Has Base Power Raised?
1. Seed Round
- Amount Raised: $50 million
- Date: 2023
- Lead Investors: Early stage energy and technology investors
- Purpose: Develop initial battery storage technology and launch pilot residential deployments
2. Series A Round
- Amount Raised: $150 million
- Date: 2024
- Lead Investors: CapitalG
- Purpose: Scale manufacturing capabilities, expand engineering teams, and grow early customer adoption
3. Series B Round
- Amount Raised: $100 million
- Date: Early 2025
- Lead Investors: Bond Capital
- Purpose: Expand market presence, enhance energy management software, and support nationwide rollout
4. Series C Round
- Amount Raised: $1 billion
- Date: October 2025
- Valuation: $4 billion
- Lead Investor: Addition
- Participating Investors: CapitalG, Bond Capital
- Purpose: Scale production, expand distribution, and accelerate adoption of residential energy storage systems
Total Funding Raised: $1.3 billion Latest Funding Date: October 2025 Latest Known Valuation: $4 billion Employee Count: 65
Key Investors
- Addition
- Details: Investment firm focused on long term technology driven companies
- Focus Areas: Energy technology, infrastructure, and growth stage investments
- CapitalG
- Details: Growth equity investment firm backed by Alphabet
- Focus Areas: Technology platforms, energy innovation, and scalable infrastructure
- Bond Capital
- Details: Global investment firm backing category defining companies
- Focus Areas: Technology, energy systems, and long term innovation
Where Is Base Power’s Headquarters?
Base Power is headquartered in Austin, Texas, United States, supporting its engineering, manufacturing, and operations teams focused on residential energy storage solutions.
What’s Next for Base Power?
Base Power plans to expand its residential battery product line, increase manufacturing capacity, and accelerate deployment across new markets. The company aims to enhance energy management software, integrate grid services, and support greater household energy independence as demand for reliable power solutions grows.
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