Michael Dell's son Zach Dell wants his Base Power batteries in every American backyard
Zach Dell, son of Michael Dell, is expanding his home battery company, Base Power, with a $1 billion funding round. The company uses a membership-based model to provide backup power and grid support, aiming to scale across the US and international markets.
Why it matters
The company's 'Costco-style' membership model represents a disruptive approach to the residential energy storage market, potentially lowering barriers to entry for home battery adoption.
Michael Dell's son is expanding its battery business. Zach Dell, the co-founder of the home battery company Base Power, says he wants to install a battery system in neighbourhoods across the US. In an interview with Fortune, he said: "We want to bring Base to every neighbourhood in America over time." The company follows what Dell describes as a Costco model, offering low upfront installation costs and a monthly membership instead of selling high-priced battery systems.The expansion comes as Base Power announced a $1 billion Series D funding round, valuing the company at $13 billion, up from $4 billion in less than a year.
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