Austin-based Base Power just raised $1 billion in Series C funding to accelerate its mission to modernize the Texas grid, one home battery at a time.

Addition led the round, with support from existing and new investors. The fresh capital will help Base scale up operations, grow its team, and build out domestic manufacturing to meet surging demand for resilient, distributed home batteries.

Base Power is a licensed electricity provider operating in Texas’s deregulated electricity market, and it functions as a virtual power plant (VPP). Its model is simple but transformative: customers pay a monthly fee for energy, installation, and a home battery – no rooftop solar required. When the grid is up, Base’s networked batteries help stabilize it; when it goes down, the battery keeps the lights on at home.

“The chance to reinvent our power system comes once in a generation,” said Zach Dell, Base Power’s CEO and cofounder. “We’re scaling the team to make our abundant energy future a reality.”

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In under two years, Base has already deployed more than 100 megawatt-hours (MWh) of residential battery capacity, making it one of the fastest-growing distributed energy platforms in the US. The company’s rapid growth has been fueled by organic customer demand, partnerships with major homebuilders like Lennar, and collaborations with forward-thinking utilities.

Base Power currently serves homeowners across the Dallas–Fort Worth, Houston, and Austin regions, and plans to expand nationwide. To support that growth, the company is building its first factory, an energy storage and power electronics manufacturing hub at the former Austin American-Statesman printing press site in downtown Austin.

The company also recently qualified for Texas’s Aggregated Distributed Energy Resource (ADER) program, which allows distributed batteries to participate directly in the grid market. That means extra reliability for the state and lower costs for customers through shared revenue from grid services.

“The only way to add capacity to the grid is by deploying hardware — and we need to make that here in the US, ourselves,” said Justin Lopas, Base’s COO and cofounder. “This factory in Austin is our first, and we’re already planning for our second. We’re building the tools and systems to reindustrialize America and reinvent the grid.”

Electrek’s Take

Texas’s grid struggles, from heatwaves to winter blackouts, make Base Power’s model timely. Linking home batteries to a virtual power plant offers home backup and grid support. (I was part of a VPP in Vermont, and I can’t stress enough how great it is, especially in power outages.)

With $1 billion in new funding and a planned Austin factory, Base aims to scale fast. For context, Tesla deployed over 31 GWh of storage in 2024, but that figure includes utility-scale Megapacks as well as residential Powerwalls because Tesla didn’t separate out the two in its report. Sunrun’s VPPs now include 20,000+ customers across nine states, and it supplies significant grid support in California. Base’s 100 MWh so far is much smaller, but as a licensed electricity provider, not just a technology platform, its focused Texas rollout and participation in the state’s ADER program could position it as a nimble challenger in the growing VPP space.

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GM is ending plans for a program that enabled its dealers to extend the $7,500 tax credit for new Chevy, GMC, and Cadillac EV leases beyond the September 30 deadline. Instead, it has another plan to keep the savings going.

GM ends $7,500 EV tax credit and plans its own savings

After the $7,500 federal tax credit for electric vehicles expired at the end of September, GM was among the automakers planning to extend the incentive through leasing.

That will no longer be the case after the automaker suddenly reversed its decision. According to Bloomberg, GM will not extend the credit for EVs that were in transit to dealers ahead of the September 30 deadline.

Instead, GM will provide about $6,000 from its own pockets for a limited time to continue supporting electric vehicle leases.

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A company spokesperson confirmed that “GM worked on an extended offer for the benefit of our customers and dealers,” adding “After further consideration, we have decided not to claim the tax credit.”

The savings will last until the end of the month. The spokesperson said in an email that “GM will fund the incentive lease terms through the end of October.”

GM and Ford announced programs last week that involved buying EVs through their financing units, which would enable them to qualify for the $7,500 tax credit. The companies would then use the funds to extend the credit through leasing.

A source close to the matter told Reuters that GM decided to end the program after Republican Senator Bernie Moren urged the end of the loophole that enabled the $7,500 credit to be passed on through leasing.

The announcement comes after GM delivered a record of over 66,500 electric vehicles in the third quarter. Through September, GM sold 144,668 EVs, more than double the amount it sold in the same period in 2024.

The Chevy Equinox EV is now the best-selling non-Tesla EV in the US, while Cadillac ranked as the top luxury electric vehicle brand in Q3.

Ford, Jeep maker Stellantis, and BMW are still planning to extend the credit for those EV leases for at least another few months. GM was expected to extend the offer until the end of the year.

GM already has one of the most affordable EVs in the US with the Chevy Equinox EV starting at under $35,000. In 2026, it will face a wave of new lower-priced EVs, including the new Nissan LEAF, which will start at under $30,000. General Motors is betting on more affordable EVs, including the 2027 Chevy Bolt, to gain a bigger share of the market over the next few years.

Interested in testing out one of GM’s electric vehicles for yourself? From the Chevy Equinox EV to the Cadillac Escalade IQ, you can use our links below to see what’s available near you.

It’s the second day of Amazon’s Prime Big Deal Days event, and we’ve got another jam-packed edition of Green Deals for you, led by a rare price cut on the Greenworks 80V STEALTH Electric Mini-Bike to $1,440. Right behind it is a more sizeable collection of EGO electric tools and equipment getting discounts than we usually see at once, with the brand’s EGO Z6 52-inch Cordless Electric Zero-Turn Riding Lawn Mower coming with six 12.0Ah batteries at $5,600. There’s also Navee’s increased Autumn EV Sale savings starting from $266, and so much more waiting for you below – plus, all the other eco-friendly discounts we couldn’t stuff in here are available within our Prime Day Green Deals hub. And don’t forget to check out yesterday’s edition with the first-day favorites.

Head below for other New Green Deals we’ve found today and, of course, Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.

Hop on Greenworks’ 80V STEALTH electric mini-bike with Bluetooth speakers and rare price cut to $1,440 for Prime Day

As part of its Prime Big Deal Days, Amazon is offering a rare price cut on the Greenworks 80V STEALTH Electric Mini Bike to $1,439.99 shipped. Normally sitting up at its full $1,800 price, discounts are pretty rare on this model, as opposed to the few but more frequent savings that hit its counterparts in the brand’s e-transportation series. We saw the price drop to its lowest to $1,349 in May, with the deal here coming in as the second-best rate that saves you $360 off the tag.

This is the most advanced of Greenworks’ e-transportation lineup, which all take advantage of the brand’s versatile and interchangeable batteries for power, letting you get more bang for your buck, especially when you have quite the arsenal of the brand’s tools. The Greenworks 80V STEALTH electric mini-bike is powered by the two included 8.0Ah batteries to carry you for up to 27 miles, only taking two hours to recharge thanks to the 8A dual-port charger. The stylish mini-bike frame houses a 1,000W brushless rear hub STEALTH motor (hence the name), which can top out at 20 MPH when in its Eco mode and up to 25 MPH when set to the Sport mode.

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Compared to the other e-bikes in the brand’s series, this model brings along a much larger list of additional features, like the front fork suspension, dual rear shock absorbers, 19-inch all-terrain tires, an integrated headlight and taillight with three settings, an IPX4 water-resistant build, a push-button start, 3-in-1 functionality (forward, neutral, reverse), integrated Bluetooth speakers, an LED screen, and more.

Prime Day drops 52-inch EGO Z6 cordless zero-turn riding mower with 6x 12.0Ah batteries to $5,600, more

As part of its ongoing Prime Big Deal Days, Amazon is offering up to 28% discounts on a collection of EGO Power+ lawn care equipment. One notable price cut during this event is on the newest EGO Z6 52-inch Cordless Electric Zero-Turn Riding Lawn Mower with six 12.0Ah batteries for $5,599.99 shipped. Normally going for $6,999 in full, the few discounts we’ve seen hit it over the year have taken the costs down as low as $5,499, which we last saw at the top of April. The deal here provides a 20% markdown off the going rate, slashing $1,399 off the tag for the third-lowest price we have tracked. You can also find a large number of other tools seeing discounts in the brand’s official storefront here, with the best of them collected together below.

If you want to learn more about this riding mower, as well as browse the other EGO tool discounts, be sure to check out our original coverage of these deals here.

Navee’s Autumn Sale increases EV savings for Prime Day, with its flagship ST3 Pro dropping to $710, more

Navee’s ongoing Autumn EV Sale has increased savings on e-scooters for the week of Prime Day, complete with bonus savings and some free gear too. A notable price cut is coming to the brand’s flagship ST3 Pro Smart Electric Scooter for $709.99 shipped, after using the code AFF50 at checkout for an additional $50 off the price, with the first 30 orders also getting a free chain lock (a $49 value). This model released back in March and carries a $950 MSRP these days, which we’ve mostly seen discounted to $760 during most sales, though there have been falls as low as $685 and $660 in the past. While this event continues, you can score $240 off the going rate for the third-lowest price we have tracked, which also beats out its Amazon pricing by $50.

If you want to learn more about this scooter, either read our in-depth hands-on review or check out our original coverage of this and the other EV deals here.

Best Fall EV deals!

• Velotric Nomad 2X e-bike (camo) with DELTA 3 Plus station: $3,048 (Reg. $3,298)
• Velotric Nomad 2X e-bike (sage or fig) with DELTA 3 Plus station: $2,948 (Reg. $3,298)
• Aventon Ramblas Electric Mountain Bike: $2,599 (Reg. $2,899)
• Ride1Up Prodigy v2 Brose Mid-Drive Gates Belt CVT e-bike: $2,595 (Reg. $2,795)
• Ride1Up Revv 1 DRT Off-Road Moped-Style e-bike: $2,395 (Reg. $2,595)
• Ride1Up Revv 1 Full Suspension Moped-Style e-bike: $2,395 (Reg. $2,595)
• Heybike Hero 750W Mid-Drive Carbon-Fiber All-Terrain e-bike (new low): $2,299 (Reg. $3,099)
• Heybike Hero 1,000W Carbon-Fiber All-Terrain e-bike (new low): $2,099 (Reg. $2,599)
• Velotric Nomad 2 All-Terrain e-bike with $120 bundle (new): $1,999 (No price cut)
• Rad Power Radster Road Commuter e-bike: $1,999 (Reg. $2,199)
• Rad Power Radster Trail Off-Road e-bike: $1,999 (Reg. $2,199)
• Lectric XPedition 2.0 35Ah Cargo e-bike w/ up to $694 bundle: $1,999 (Reg. $2,693)
• Ride1Up Prodigy v2 Brose Mid-Drive 9-Speed e-bike: $1,995 (Reg. $2,495)
• Tenways AGO X All-Terrain e-bike with $307 bundle: $1,899 (Reg. $2,499)
• Lectric ONE Long-Range Belt-Drive e-bike with $220 bundle: $1,899 (Reg. $2,619)
• Velotric Fold 1 Plus e-bike (gray or white) with DELTA 2 station: $1,898 (Reg. $2,198)
• Velotric Fold 1 Plus e-bike (mango or blue) with DELTA 2 station: $1,828 (Reg. $2,198)
• Rad Power RadRunner Plus Cargo Utility e-bike with extra battery: $1,799 (No price cut)
• Aventon Abound SR Smart Cargo e-bike (new, first discount): $1,799 (Reg. $1,899)
• Lectric XP Trike2 750 Long-Range eTrike with $455 preorder bundle: $1,799 (Reg. $2,254)
• Velotric Breeze 1 Cruiser e-bike with $150 bundle (new, first discount): $1,699 (Reg. $1,799)
• Aventon Pace 4 Smart Cruiser e-bike (new, second-ever discount): $1,699 (Reg. $1,799)
• Rad Power RadExpand 5 Plus Folding e-bike (lowest price): $1,699 (Reg. $1,899)
• Lectric XPedition 2.0 26Ah Cargo e-bike w/ $545 bundle: $1,699 (Reg. $2,244)
• Lectric XPeak 2.0 Long-Range Off-Road e-bike with $415 bundle: $1,699 (Reg. $2,114)
• Rad Power RadWagon 4 Cargo e-bike with extra battery: $1,599 (Reg. $1,799)
• Aventon Abound Cargo e-bike: $1,599 (Reg. $1,999)
• Ride1Up VORSA Modular Multi-Use e-bike (first discount): $1,595 (Reg. $1,695)
• Rad Power RadRunner Cargo Utility e-bike with extra battery: $1,499 (No pirce cut)
• Lectric XPeak 2.0 Standard Off-Road e-bike with $247 bundle: $1,499 (Reg. $1,746)
• Lectric XP Trike2 with $257 bundle: $1,499 (Reg. $1,756)
• Rad Power RadWagon 4 Cargo e-bike: $1,499 (Reg. $1,799)
• Tenways CGO600 Pro e-bikes with $118 bundle: $1,499 (Reg. $1,899)
• Velotric Nomad 1 Plus All-Terrain e-bike: $1,499 (Reg. $1,899)
• Aventon Aventure 2 All-Terrain e-bike: $1,499 (Reg. $1,999)
• Greenworks 80V STEALTH Electric Mini-bike (rare discount): $1,440 (Reg. $1,800)
• Aventon Sinch 2 Folding e-bike: $1,399 (Reg. $1,699)
• Lectric XPedition 2.0 13Ah Cargo e-bike with $346 bundle: $1,399 (Reg. $1,745)
• Aventon Level 2 Commuter e-bike: $1,499 (Reg. $1,899)
• Rad Power RadRover 6 Plus Step-Thru Fat Tire e-bike: $1,399 (Reg. $1,599)
• Velotric T1 ST Plus Lightweight e-bike: $1,399 (Reg. $1,649)
• Heybike ALPHA All-Terrain e-bike (new low): $1,399 (Reg. $1,699)
• Ride1Up Roadster V3 Lightweight Premium e-bike: $1,395 (Reg. $1,495)
• Lectric XPress 750 Commuter e-bikes with $415 bundle: $1,299 (Reg. $1,714)
• Lectric XP4 750 LR Folding Utility e-bikes with $394 bundle: $1,299 (Reg. $1,693)
• Heybike Hauler Dual-Battery Cargo e-bike (new low): $1,299 (Reg. $1,899)
• Heybike Horizon Full-Suspension e-bike (second-ever low): $1,299 (Reg. $1,999)
• Heybike Mars 2.0 Folding Fat-Tire e-bike with extra battery: $1,199 (Reg. $1,848)
• Lectric XP Lite 2.0 JW Black LR e-bike with $439 bundle: $1,099 (Reg. $1,538)
• Ride1Up Portola Folding e-bike: $1,095 (Reg. $1,095)
• Lectric XP4 Standard Folding Utility e-bikes with $79 bundle: $999 (Reg. $1,078)
• Lectric XP Lite 2.0 Long-Range e-bikes with $439 bundles: $1,099 (Reg. $1,438)
• Heybike Hauler Single-Battery Cargo e-bike (new low): $899 (Reg. $1,499)
• Segway E3 Pro Electric Scooter (launch): $600 (Reg. $700)

Best new Green Deals landing this week

The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.