On April 8, 2025, Base Power, a battery-powered home energy company based in Austin, Texas, announced the completion of a $200 million Series B round 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. Wilson Sonsini Goodrich & Rosati advised Base Power on the transaction.

Base Power will use its new funding to expand its affordable and reliable energy services in Texas and prepare for national growth with its battery-powered home energy solutions. The investment will help build the company's first factory in Texas to address increasing demand and enhance resilience, cost efficiency, and operational control as it scales.

The Wilson Sonsini team that advised Base Power on the transaction was led by Damien Weiss, Jordan McDonnel, and Estefano Martinez.

For more information, please see Base Power's news release. Additional coverage can be found on TechCrunch.