Base Power raises $1B to scale its giant Core home battery
TL;DR Summary
Base Power raised $1 billion in a Series D to expand Core, a 39.2 kWh home battery that can back up a house for up to 72 hours with two units, installs in under an hour, and can operate with solar or be recharged from a portable generator; the battery is sold through a Base plan (not owned outright) and participates in a growing virtual power plant to support the grid. The company has rolled Core out in Texas and Illinois and plans nationwide expansion, backed by investors including Ribbit, Addition, Valor Equity Partners, and JPMorgan Chase’s Strategic Investment Group.
Topics:business#base-power#core-battery#energy-storage#series-d-funding#technology#virtual-power-plant
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