Michael Kaufman (@KaufmanMic) — posts, photos & videos

@KaufmanMic

So grateful to @MPKretschmer and the leadership of the Free State of Saxony for all of their support.

Covenant is excited to officially call Leipzig home.

Covenant@HQ_Covenant · Oct 6

Yesterday, we cut the ribbon at Covenant’s 10,000+ sqm facility in Leipzig, Germany – our largest manufacturing footprint to date.

We welcomed Minister-President @MPKretschmer of @Saxony, State Secretary @JoSteiniger of the @BMWE_, Lt General Christian Freuding, Chief of the German Army (@Deutsches_Heer) and representatives from BAAINBw, BMVg and European allies.

Beginning in 2027, we plan to deliver thousands of Anthems per year across our global production network.

Europe needs more deep precision strike capacity.

Covenant is building it in Europe, for Europe.

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Covenant

@HQ_Covenant

Oct 6

Deterrence Is Anthem.

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Michael Kaufman

@KaufmanMic

Sep 9

Today, Covenant is emerging from stealth and introducing Anthem: a heavy-payload deep precision strike capability designed for mass production, with deliveries beginning in the thousands in 2027.

We’ve raised $250 million, flown Anthem in more than 200 tests, and secured approximately $150 million in orders, including contracts with the U.S. Army, U.S. Navy, and key international allies.

We’re building Anthem at our 105,000-square-foot production facility in Dallas, alongside factories in Germany and Israel.

Covenant is backed by @a16z, @foundersfund, @Lux_Capital, @lightspeedvp, @8vc, @aleph, and @AltimeterCap.

Deep precision strike is the biggest gap in the arsenal of the West, and we spent the last two years building Anthem to fill it.

Now we deliver at scale.

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Michael Kaufman

@KaufmanMic

Aug 3

The moat is growing! Big congrats @ZachBDell & @JLopas

Zach Dell@ZachBDell · Aug 3

Today, we're launching Base Core, our own battery designed & built in Texas, and announcing our $1B Series D to bring it to homes across the country.

Three years ago, we started Base with a belief that batteries were the unlock to energy abundance. We saw battery storage as the foundation of a modern energy system, and believed we could win the market with vertical integration, technology, and relentless execution (what we now call Base Pace). So we set out to build a network of distributed batteries to deliver affordable, reliable electricity to homeowners and utilities.

While the job is far from finished, the launch of Base Core is the most meaningful step in that plan. We’ve spent the last few years learning hard lessons about building a distributed battery fleet, going from 1 install per day in June of ‘24 to 100 installs per day in June of ‘26. These lessons - how the battery is shipped, installed, used, and monitored - informed the design of Core. Now, Core will be the foundation of the company's next phase of growth.

Base Core is a first-of-its-kind home battery. At ~40 kWh it is 3x the size of most home batteries, providing up to 36 hours of backup for the average home. In the event of multi-day outage, Core is equipped with a (first of its kind) generator port - pull out a small portable generator and charge the battery back up to keep your home running as long as you need. When an outage does happen, the backup is seamless - most members won't even notice the grid went down. It's built to withstand Texas summers, Chicago Winters, and everything in between. And finally, it’s manufactured by our team in Austin, at Base Factory 1, right across the street from our HQ.

This new capital will bring Core to more homes and to accelerate our ambition beyond batteries. The round is co-led by Ribbit, Addition, Valor, and JP Morgan, with participation from new major investors D1, Sands, Coatue, Layer Global, and Energy Impact Partners. All of Base’s major existing investors are re-investing, including Thrive, Altimeter, Lightspeed, a16z, CapitalG, Trust, and more. This brings our valuation to $13B.

As we enter the most important growth period in the history of the electricity industry, our mission has not changed - advance human prosperity by delivering the world's most affordable and reliable electricity. Our strategy has not changed - technology, plus vertical integration, plus relentless execution, leads to a compounding cost advantage. What has changed is the scope of our ambition - this new capital, along with the team and capabilities we've built over the last three years, positions us to build technology across the electric stack, including what it takes to serve surging demand from AI, and to deepen our partnerships with utilities as they work to meet rising demands.

Electricity is the largest and most essential industry in the world, and it does not have a defining technology company. The company that delivers the most affordable, reliable power will be one of the largest and most impactful companies in the world. We intend to build it. If you'd like to join us, reach out.

Onwards.

basepowercompany.com/core.