Overview

• Addition led the Series C at a reported $3 billion pre-money valuation, with CapitalG, Lightspeed, Ribbit, Thrive Capital, Valor Equity Partners and others participating.
• The Austin startup reports more than 100 MWh of residential storage deployed in Texas since 2023, serving customers in Austin, Dallas–Fort Worth and Houston.
• Base Power operates as a licensed retail provider and virtual power plant, and it qualified for Texas’s ADER program to bid aggregated home batteries into the grid market.
• The company is building its first energy storage and power‑electronics factory at the former Austin American‑Statesman site and is planning a second U.S. facility.
• Its lease model pairs home backup with grid services via low upfront installation fees, monthly charges and a multi‑year electricity purchase commitment, with battery options of 25 kWh and 50 kWh.