Justin Lopas, Co-Founder and COO of Base Power, joins Sourcery at Factory 1 in Austin for the launch of Base Core and the company's $1 billion Series D. The round values Base at $13 billion post-money and is led by Ribbit, Addition, Valor Equity Partners, and JPMorganChase's Strategic Investment Group. Existing investors Thrive Capital, a16z, Lightspeed, Trust Ventures, and CapitalG re-invested, bringing total capital raised past $2.5 billion. Base Core is the largest standalone home battery on the market at 40 / 80 kWh. Justin walked me through the factory floor, the install demo, and why Base builds the hardware itself. "It is so critical to bring manufacturing back to the US, especially for critical infrastructure." We cover: › The $1B Series D at a $13B post-money valuation › Base Core, 40 kWh of storage and 20 kW on the inverter › Whole home backup versus circuit-level backup › Retail choice markets versus utility partnership markets › Installing batteries around data centers to offset interconnection load › 4,000 units per week by the end of the year › Over 100 installs a day › 100% US and Mexico supply chain › Factory 1 built in under 6 months Justin Lopas: https://x.com/JLopas [https://x.com/JLopas] Molly O’Shea: https://x.com/MollySOShea [https://x.com/MollySOShea]  Sourcery: ⁠https://x.com/sourceryy [https://x.com/sourceryy] 𝐄𝐏𝐈𝐒𝐎𝐃𝐄 𝐋𝐈𝐍𝐊 YouTube: ⁠https://youtu.be/zfFGgfI2Xog [https://youtu.be/zfFGgfI2Xog] 𝐒𝐏𝐎𝐍𝐒𝐎𝐑𝐒 • Brex [https://brex.com/sourcery]—The modern finance platform, combining the world’s smartest corporate card with integrated expense management, banking, bill pay, & travel. https://brex.com/sourcery [https://brex.com/sourcery]  • Turing [https://turing.com/sourcery]—Turing delivers top-tier talent, data, and tools to help AI labs improve model performance—and enables enterprises to turn those models into powerful, production-ready systems. https://turing.com/sourcery [https://turing.com/sourcery]  • VCX [https://fundrise.com/vcx]—VCX is the public ticker for private tech, allowing investors of all sizes to invest in venture capital. View The Portfolio at http://GetVCX.com [http://getvcx.com]   • Deel [https://www.deel.com/sourcery]—Deel is the global people platform that helps startups hire, manage, pay, and equip anyone, anywhere. Trusted by more than 35,000 fast-growing companies, Deel is the people platform that just works, so teams can scale without the chaos. Visit: https://www.deel.com/sourcery • Public [http://public.com/sourcery]–Investing platform Public just launched Generated Assets [https://public.com/generated-asset], which lets you turn any idea into an investable index with AI. With Generated Assets, you can build, backtest, refine, and invest in any thesis with AI. Gone are the days of one-size-fits-all ETFs. https://public.com/sourcery [https://public.com/sourcery]   Follow Sourcery for the latest updates! https://www.sourcery.vc [https://www.sourcery.vc/] Disclosure Paid Endorsement. Brokerage services by Open to the Public Investing Inc, member FINRA & SIPC. Advisory services by Public Advisors LLC, SEC-registered adviser. Crypto trading provided by Zero Hash LLC, licensed by the NYSDFS. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time.   𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒 (00:00) Justin Lopas, Co-Founder & COO at Base Power Company (01:06) Base Power raises a $1B Series D (02:26) Meet Base Core (05:42) Demo: Whole-home backup in action (07:06) How Base Power's business model works (08:55) Inside Base Power's Factory (11:28) Why Base Core is 3x larger than other home batteries (12:05) Inside the manufacturing line (13:23) Can humanoid robots build batteries? (14:13) Why Base Power manufactures its own batteries (15:47) Inside the robotic assembly line (18:09) How lithium-ion batteries work (21:40) Scaling production to 4,000 units a week (22:33) Installing 100+ systems a day (23:03) COO or Electrician? (23:53) From oil rigs to Base Power