Not many companies are taking on energy infrastructure at this speed and scale. If you're an engineer or operator ready to build real solutions, Base Power is the place to be. Congratulations to Zach Dell, Justin Lopas, and the rest of the team!
Today, we announced a $200M round led by Addition, Andreessen Horowitz, Lightspeed, and Valor Equity Partners, with participation from existing investors Thrive Capital, Altimeter, Trust Ventures, and Terrain. Addition founder Lee Fixel will join our board alongside Antonio Gracias of Valor. We’ll use this new capital to grow our team, invest in R&D to develop new products, and stand up our first Base factory here in Texas. We’ll also invest in our growing utility partnerships business, building solutions for utilities across the country to lower costs and increase reliability on their distribution grids. Since our launch last year, we’ve built a team of ~100 of the world’s most talented engineers & operators who have made incredible progress on our mission to bring affordable & reliable power to the world - this capital will unlock the next step in that mission. More on what this means for Base and where we're headed: https://lnkd.in/ewEF6nQ6 Onwards.