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Base Power has built one of the largest battery storage systems in Texas in two years — and now it wants to grow faster.
The Austin-based startup, which had raised $200 million in April, is back with another $1 billion in funding. The Series C round was led by Addition with participation from CapitalG, Elad Gil, Lightspeed, Ribbit, Thrive Capital, and Valor Equity Partners.
The new round values the company at $3 billion pre-money, according to the New York Times.
Base Power has sold more than 100 megawatt-hours worth of its home storage…
