On August 3, 2026, Base Power, a battery-powered home energy company based in Austin, Texas, announced it has raised $1 billion in a Series D financing at a $13 billion post-money valuation. The round was led by Ribbit, Addition, Valor Equity Partners, and JPMorganChase's Strategic Investment Group. Wilson Sonsini Goodrich & Rosati advised Base Power on the transaction.

Base Power has raised over $2.5 billion in capital to date. The company also launched Base Core, a home battery built at its Austin factory. The capital will go toward bringing Base Core to more homes, expanding nationally, and hiring talent. Base Core is available to homeowners in select regions of Texas and Illinois.

The Wilson Sonsini team that advised Base Power on the transaction includes Damien Weiss, Sam Obenhaus, Estefano Martinez, and Patrick Begian.

For more information, please see Base Power's news release. Additional coverage can be found on The Wall Street Journal, Bloomberg, and TechCrunch.