--- title: "Base Power revenue and valuation" description: "Base Power's revenue is estimated at $164M–$460M. Valued at $13B after raising $2.27B. Funding rounds and competitors." url: https://www.tryspecter.com/revenue-valuation/base-power.md canonical_url: https://www.tryspecter.com/revenue-valuation/base-power publisher: Specter last_updated: 2026-11-01 --- # Base Power revenue and valuation Specter estimates Base Power's annual revenue at $164M to $460M and its valuation at $10.8B to $15.6B. The company was priced at $13B in August 2026. Base Power provides home battery backup and fixed-rate electricity plans. - Estimated revenue: $164M to $460M (October 2026) - Estimated valuation: $10.8B to $15.6B (October 2026) - Total funding: $2.27B - Founded: 2023 - Headquarters: Austin, United States - Employees: 509 - Sector: Energy - Specter Rank: #50,121 ## Base Power revenue Specter's model puts current revenue between $164M and $460M. | Month | Specter estimate | Low | High | | --- | --- | --- | --- | | October 2026 | $310M | $164M | $460M | | September 2026 | $280M | $150M | $420M | | August 2026 | $290M | $125M | $450M | | July 2026 | $340M | $105M | $570M | | June 2026 | $280M | $88M | $470M | | May 2026 | $270M | $87M | $450M | | April 2026 | $210M | $57M | $360M | | March 2026 | $168M | $34M | $300M | | February 2026 | $171M | $40M | $300M | | January 2026 | $121M | $19M | $220M | | December 2025 | $129M | $21M | $240M | | November 2025 | $143M | $34M | $250M | | October 2025 | $111M | $18M | $210M | | September 2025 | $76M | $23M | $128M | | August 2025 | $60M | $17M | $103M | | July 2025 | $63M | $17M | $109M | | June 2025 | $55M | $17M | $94M | | May 2025 | $58M | $15M | $100M | | April 2025 | $48M | $14M | $81M | | March 2025 | $30M | $10M | $50M | | February 2025 | $31M | $7.7M | $54M | | January 2025 | $29M | $5.4M | $52M | | December 2024 | $23M | $5.3M | $40M | | November 2024 | $28M | $6.2M | $49M | | October 2024 | $17M | $4.8M | $29M | | September 2024 | $18M | $6.4M | $30M | | August 2024 | $14M | $5M | $23M | | July 2024 | $14M | $4.8M | $24M | | June 2024 | $10M | $4.6M | $16M | ## Base Power valuation Base Power's valuation rose from $4B at its Series C in October 2025 to $13B at its Series D in August 2026. Specter's live estimate sits between $10.8B and $15.6B. | Month | Specter estimate | Low | High | | --- | --- | --- | --- | | October 2026 | $13B | $10.8B | $15.6B | | September 2026 | $13B | $10.8B | $15.7B | | August 2026 | $13B | $10.8B | $15.6B | | July 2026 | $10.3B | $7.81B | $13.5B | | June 2026 | $8.11B | $6.28B | $10.5B | | May 2026 | $6.41B | $5.04B | $8.15B | | April 2026 | $5.06B | $4.1B | $6.25B | | March 2026 | $4B | $3.33B | $4.81B | | February 2026 | $4B | $3.1B | $5.16B | | January 2026 | $4B | $3.22B | $4.96B | | December 2025 | $4B | $3.29B | $4.87B | | November 2025 | $4B | $3.31B | $4.84B | | October 2025 | $4B | $3.33B | $4.81B | | September 2025 | $3.46B | $2.84B | $4.23B | | August 2025 | $3B | $2.5B | $3.61B | | July 2025 | $1.97B | $1.29B | $2.36B | | June 2025 | $2B | $1.42B | $2.4B | | May 2025 | $1.53B | $1.09B | $1.9B | | April 2025 | $1.63B | $1.27B | $2.17B | | March 2025 | $450M | $210M | $590M | | February 2025 | $450M | $250M | $590M | | January 2025 | $440M | $210M | $580M | | December 2024 | $420M | $200M | $610M | | November 2024 | $420M | $210M | $620M | | October 2024 | $400M | $185M | $610M | | September 2024 | $360M | $176M | $600M | | August 2024 | $320M | $157M | $630M | | July 2024 | $300M | $173M | $580M | | June 2024 | $310M | $220M | $520M | | Reported valuation | Month | Source | | --- | --- | --- | | $13B | October 2026 | [statesman.com](https://www.statesman.com/business/technology/article/austin-startup-funding-record-q3-2026-22451920.php) | | $13B | August 2026 | Funding round | | $4B | March 2026 | [news.crunchbase.com](https://news.crunchbase.com/venture/all-time-high-funding-to-austin-startups-2025-ai-robotics-manufacturing/) | | $4B | October 2025 | Funding round | | $3B | August 2025 | [x.com](https://x.com/ArfurRock/status/1958925092999897498) | ## Base Power funding rounds | Date | Round | Raised | Post-money | Lead investors | | --- | --- | --- | --- | --- | | 30 Oct 2026 | Corporate round | Undisclosed | Undisclosed | Walmart | | 3 Aug 2026 | Series D | $1B | $13B | JPMorganChase, Addition, Ribbit Capital, Valor Equity Partners | | 8 Oct 2025 | Series C | $1B | $4B | Addition | | 9 Apr 2025 | Series B | $200M | Undisclosed | Valor Equity Partners, Lightspeed Venture Partners, Addition, Andreessen Horowitz | | 7 May 2024 | Series A | $68M | Undisclosed | Thrive Capital | ## Base Power vs competitors The home battery market centers on the transition from hardware sales to bundled energy services. | Company | Estimated revenue | Estimated valuation | | --- | --- | --- | | Base Power | $164M–$460M | $10.8B–$15.6B | | Branch Energy (branchenergy.com) | $1.3M–$8.6M | $131M–$230M | | David Energy (davidenergy.com) | $3.6M–$26M | $32M–$149M | | Sunrun (sunrun.com) | $3.98B–$6.19B | $6.65B–$30.8B | | Tesla (tesla.com) | $66.6B–$98.4B | $1.04T–$2.39T | ## Questions ### What is Base Power's revenue? Specter estimates Base Power's annual revenue at $164M to $460M as of October 2026. ### What is Base Power's valuation? Base Power's latest post-money valuation is $13B, from an August 2026 Series D. Specter's live estimate is $10.8B to $15.6B. ### How much funding has Base Power raised? $2.27B across five rounds, from a $68M Series A in May 2024 to a corporate round in October 2026. ### Who invested in Base Power? 34 investors, including Addition, JPMorganChase, Lightspeed Venture Partners, Ribbit Capital, Valor Equity Partners and Walmart. ### Who are Base Power's competitors? Branch Energy, David Energy, Sunrun and Tesla. Specter ranks 30 competitors for Base Power. ## About this data Specter models revenue and valuation monthly and anchors each estimate to reported figures and priced rounds. Method: https://www.tryspecter.com/revenue-valuation Cite as: Specter. "Base Power revenue and valuation." tryspecter.com/revenue-valuation/base-power. Updated November 2026.