Base Power secures $1 billion to expand residential battery business…

Team S · 2025-10-09T14:16:51.000Z

Base Power, the Austin-founded residential battery company led by Zach Dell, said it raised $1 billion in a financing round as it scales its model of leasing batteries to homeowners and prepares to build larger manufacturing capacity. The company plans to use the capital to expand production and distribution, and to accelerate national growth beyond its Texas pilot markets. Reporting notes the round and Base Power’s stated plans for factory expansion and broader rollout.

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Base Power secures $1 billion to expand residential battery business… | Newnex