According to ME News, on August 4 (UTC+8), Base Power, a home battery startup co-founded by Zach Dell, son of Dell founder Michael Dell, announced the completion of a $1 billion Series D funding round, bringing its post-funding valuation to $13 billion. The company has officially launched its home energy storage battery, Base Core, which is now in production at its Base Factory 1 facility in Austin, Texas. (Source: ODAILY)
Base Power, founded by Dell’s son, raises $1 billion in its D round, valued at $130 billion
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Summary
Base Power, a home battery startup co-founded by Zak Dell, son of Michael Dell, announced a $10 billion D-round funding in on-chain news, valuing the company at $130 billion. The funding announcement coincides with the official launch of its Base Core home energy storage battery, with production now underway at Base Factory 1 in Austin, Texas.
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