Base Power, Founded By Michael Dell's Son, In Talks To Raise $1 Billion At $12 Billion Valuation
By
Rashi Shrivastava
Hot, fresh, and worth queueing round the block for.
Summary
Base Power, an Austin-based home battery company founded in 2023 by Zach Dell (son of Michael Dell) and Justin Lopas, is in talks to raise approximately $1 billion at a $12 billion valuation. Ribbit Capital is reportedly leading the round. The company installs and maintains large-capacity home batteries for backup power, particularly in regions with unreliable electrical grids.
Key quotes
· 3 pulledBase Power is in talks to raise around $1 billion at a $12 billion valuation, four sources familiar with the matter told Forbes.
Ribbit Capital is in talks to lead the round, one of the sources said.
Base Power and Ribbit Capital did not respond to Forbes' request for comment.
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