Just two years after launching, energy startup Base Power just closed a $1B Series C. (Reuters)
Founded by Zach Dell and Justin Lopas, Base builds distributed batteries to help fix America’s overloaded grid.
The company’s backers read like a who’s who of tech investing—a16z, Thrive, Valor, CapitalG, Lowercarbon, and more—and it’s growing fast, with 30% month-over-month revenue jumps and thousands on its waitlist.
EC recommendation: This interview with Dell shed a ton of light on Base’s trajectory—including a new battery manufacturing site in Austin.