# Zach Dell

> Zach Dell is the co-founder and CEO of Base Power, an Austin battery-and-electricity company he started in 2023 with former SpaceX and Anduril manufacturing leader Justin Lopas. Base sells homeowners a leased backup battery for a one-time $695 plus a $19 monthly membership and retail electricity, then knits those household batteries into a distributed grid that charges on cheap overnight power and discharges at peak. In under three years the company raised a $1 billion Series C at a roughly $4 billion valuation and, by mid-2026, was in talks to raise again near a $12 billion valuation. The son of Dell Technologies founder Michael Dell, Zach traces his energy obsession to college experiments that included trying to lease a Hawaiian lava field for solar and building anaerobic digesters in India.

- **Role:** Co-Founder and CEO at Base Power
- **Organizations:** Base Power, Thrive Capital, Blackstone, Sqwatt, Thread Dating, Camp Spark
- **From:** Austin, Texas, United States
- **Nationality:** American
- **Education:** B.A., Social Sciences (Psychology and Economics), University of Southern California
- **Known for:** Co-founded and leads Base Power, valued around $4 billion by late 2025 with talks of $12 billion by 2026, Raised a $1 billion Series C in October 2025, among the largest venture rounds in Texas history, Built a vertically integrated 'make, move, store, sell' power company in under three years

## Career timeline

- **2013** — Founded Thread Dating as a teenager
- **2016** — Founded Sqwatt, an early venture (ran through 2020)
- **2018** — Summer intern at MSD Capital, the Dell family investment firm
- **2019** — Graduated from USC; summer analyst at The Blackstone Group
- **2020** — Joined Blackstone in private equity
- **2021** — Joined Thrive Capital as an investor, where he met co-founder Justin Lopas and studied energy markets
- **2023** — Co-founded Base Power in Austin with Justin Lopas; became CEO
- **2025** — Base closed a $1 billion Series C at roughly a $4 billion valuation
- **2026** — Base reported in talks to raise near a $12 billion valuation as demand and data-center load surged

## Achievements

- Co-founded and leads Base Power, valued around $4 billion by late 2025 with talks of $12 billion by 2026
- Raised a $1 billion Series C in October 2025, among the largest venture rounds in Texas history
- Built a vertically integrated 'make, move, store, sell' power company in under three years
- Deployed over 100 megawatt-hours of residential battery capacity across Texas
- Announced a $265 million battery manufacturing plant projected to create around 500 jobs
- Recruited investors including Addition, Andreessen Horowitz, Lightspeed, Thrive Capital and Alphabet's CapitalG

## Latest updates

- **2025-10** — Base Power closed a $1 billion Series C at roughly a $4 billion valuation, led by Addition with a16z, Lightspeed, Thrive and CapitalG.
- **2026-05** — Base reported in talks to raise around $1 billion at a $12 billion valuation, with Ribbit Capital said to be in the lead - roughly tripling its price in under a year.

## Links

- Website: https://basepowercompany.com
- LinkedIn: http://www.linkedin.com/in/zach-dell-a631a554
- Twitter/X: https://x.com/ZachBDell

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Profile page: https://yespress.io/zach-dell
Published by YesPress — https://yespress.io
Last updated: 2026-07-07