Power-Storage Startup Wins Support of Andreessen, Lightspeed (1)

Household-battery startup Base Power Inc. raised $200 million in Series B funding as the Texas-based firm gears up to expand on a national scale.

Participants in the latest fundraising round include Lee Fixel’s Addition LP, Andreessen Horowitz and Lightspeed Venture Partners, Base Co-Founder Zach Dell said in an interview.

Also participating in the Series B round are some of Base Power’s initial investors — Josh Kushner’s Thrive Capital, Valor Equity Partners, Altimeter, Terrain, Trust and others.

The company’s expansion plans include building its first factory in Texas “to meet growing demand while ensuring greater resilience, cost efficiency, and ...