Zach Dell's Base Power targets US home battery market after $1B funding round

Zach Dell, son of tech billionaire Michael Dell, is scaling up his home energy storage company Base Power across the United States. The company operates on a membership-based model, eliminating the high upfront costs typically associated with home battery systems. Base Power recently raised one billion dollars in fresh funding, pushing its valuation to thirteen billion dollars. Beyond the US, the company has outlined expansion plans into international markets including the United Kingdom and Germany. To keep pace with rising demand, Base Power is also ramping up its battery manufacturing capacity.