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Texas Retail Provider Raises $200M In Series B Round, Preps National Expansion
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Base Power announced that it has raised $200 million in Series B funding, 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.
In Texas, Base offers a product which pairs a home energy storage battery with retail electric supply
"With the new funding, Base Power will continue its rapid growth, bringing affordable and reliable energy to more homes across Texas while preparing for national expansion with its battery-powered home energy service," Base said
"This investment will go toward building the first Base factory in Texas to meet growing demand while ensuring greater resilience, cost efficiency, and control as the company scales," Base said
"Through its partnership with Lennar, a top national homebuilder, and, more recently, with its first utility partnership with Bandera Electric, Base Power has expanded rapidly in Texas across the Dallas-Fort Worth, Houston, and Austin metro areas," Base said
As part of the fundraise, Addition founder Lee Fixel will join Base Power’s board alongside Antonio Gracias of Valor Equity Partners.
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April 10, 2025
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Copyright 2025 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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