Base Power's $200M Series B Co-Led By Lee Fixel Of Addition, A16Z, Lightspeed, & Valor Equity Partners Sourcery podcast

Base Power's $200M Series B Co-Led by Lee Fixel of Addition, A16Z, Lightspeed, & Valor Equity Partners

4M ago 58:25

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Zach Dell and Justin Lopas, co-founders of Base, discuss their recent $200 million Series B funding and their ambitious vision for revolutionizing the energy industry. Co-led by Addition, Andreessen Horowitz, Lightspeed Venture Partners and Valor Equity Partners with participation from existing investors Thrive Capital, Altimeter, Terrain, Trust and others. As part of the fundraise, Addition founder Lee Fixel will join Base Power’s board alongside Antonio Gracias of Valor Equity Partners.

The new capital aims to unlock the next phase of growth for Base, including team expansion, market entry, and new product development. The episode delves into Base's unique approach to vertically integrating battery technology, offering both grid services and affordable, reliable power to homeowners. The conversation highlights the founders' experiences at SpaceX, Anduril, and Thrive Capital, shedding light on their mission to fix the power grid through aggressive, technology-driven execution. Learn how Base aims to become a household name and the SpaceX of the energy sector, starting with deployments in Texas and expanding nationwide.

About Base Power:

Founded in 2023 and headquartered in Austin, Texas, Base Power is an energy company building a grid for the future—starting with battery-powered home energy service. The company’s mission is to advance human prosperity through energy abundance—delivering reliable and affordable power for all. Learn more at basepowercompany.com.

Molly on X: https://x.com/MollySOShea

Zach on X: https://x.com/

ZachBDellJustin on X: https://x.com/JLopas

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TIMESTAMPS:

00:00 - $200M Series B Announcement

00:51 - Base's Vision & Execution Strategy

02:28 - Energy Technology & Market Expansion

03:41 - The US Energy Problem & Grid Challenges

06:30- Why Texas? Strategic Location & Market

09:32 - Founders' Backgrounds & Entrepreneurial Journey

18:24 - Early Challenges & Iterative Approach

23:21 - Vertical Integration & Cost Advantage

26:05 - Customer Journey & Installation Process

30:34 - Energy Industry Breakdown

35:16 - Texas Energy Market & Regulatory Environment

38:38 - Scaling & Expansion Plans

42:45 - Team & Company Culture

46:58 - Future Vision & Goals

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