Caplight Logo









Base Power

Base Power

Private
Austin, TexasEnergy & Sustainabilityhttps://www.basepowercompany.com

Last Round

Series C

Oct 8, 2025

Est. Valuation

$4B

Total Funding Raised

$1.27B

Momentum Score

50 /100

Company Overview

Base Power is an energy company that offers home battery systems designed to improve the reliability and affordability of electricity, providing backup power and contributing to grid stability through a virtual power plant network.

Sector

Energy & Sustainability

Verticals

Energy Storage, Energy Management, Smart Grid, Smart Buildings, IoT Hardware

Business Model

B2C

Customer Profile

Hardware + Subscription, Subscription SaaS, Hardware Sales, Government Contracts

AI Layer

Application

Keywords

home battery systemvirtual power plantVPPenergy storagebackup powerdistributed energy resourcesDERgrid servicesenergy management serviceresidential energy storagehardware subscriptionutility partnershipsdirect to consumergrid reliability

Historical Pricing

Historical view of private secondary pricing and transaction trends.

Unlock Pricing Charts

Sign up to view complete historical pricing and secondary transactions.

Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

View Momentum History

Track how buyer interest and sentiment changes over time.

Base Power Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

View Full Comps Set

Access detailed peer comparisons, multiples, and valuation benchmarks.

Base Power Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Series COct 8, 2025
Series BApr 9, 2025
Series AMay 8, 2024

Secondary Market Activity

Bids, offers, and trades by month

OperationDatePriceSizeShare ClassStructure
OFFER

Key People

Founding team and executive leadership

Justin Lopas

COO Co-Founder

Founding Team

Zach Dell

Co-Founder And CEO

Founding Team

Base Power Investors

Notable investors and investment history

InvestorRounds
Andreessen HorowitzSeries C, Series B
AdditionSeries C, Series B
Waybury CapitalSeries C
Waybury CapitalSeries C
Positive SumSeries C
Thrive CapitalSeries C, Series A, Series B
StepStone GroupSeries C

Market signals

Structured signals derived from secondary market and firmographic data.

  • May 28, 2026

    $1.0B round with a $12.0B post-money valuation.

  • Apr 17, 2026

    Focus on wholesale energy markets, specifically ERCOT.

Base Power Filings

SEC and related filings with document metadata.

TypedDateAmount OfferedAmount SoldFillingPagesDownload
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation

Base Power Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Base Power's valuation, stock price, and market status.

Firmographic Details

HeadquartersAustin, Texas
Employee Range278
Year Founded2023
Last FundingOct 8, 2025

Institutional Data Access

Join leading institutional investors using Caplight to access private market data, discover pricing, and execute secondary block trades.

Requires verified institutional or accredited status.







Disclaimer All investments involve risk, including the risk of loss of principal. You should carefully consider your investment objectives, risks, transaction costs and other expenses before deciding to invest in options, swaps or other investments.This does not constitute an offer by Caplight Technologies, Inc. to sell, or a solicitation of an offer to buy, any securities and may not be used or relied upon in connection with any offer or sale of securities. An offer or solicitation can be made only through the delivery of final offering document(s) and purchase agreement(s), and will be subject to the terms and conditions and risks delivered in such documents. Any securities offered are offered through Caplight Markets LLC, member FINRA/SIPC.