Zach Dell, son of Michael Dell, has co-founded Base, a home battery business that has reached a $13 billion valuation after raising $1 billion in a Series D funding round. The company aims to install its battery systems in homes across America and Europe, offering a subscription-based model for electricity and backup power. Base has rapidly scaled its operations, moving from one installation per day to over 100, and has begun manufacturing its own battery systems. AI
RANK_REASON Significant funding round for a rapidly growing company in the energy infrastructure sector. [lever_c_demoted from significant: ic=1 ai=0.0]
- Addition
- a16z
- CapitalG
- Dell Technologies
- JPMorgan Chase
- Lightspeed
- Michael Dell
- Ribbit Capital
- Thrive Capital
- Trust Ventures
- Valor Equity Partners
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