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Daystar Power is a Lagos, Nigeria-based company that provides solar hybrid power systems and renewable energy solutions to commercial and industrial businesses operating across Africa. The organization operates primarily through Power-as-a-Service and Solar-as-a-Service models, allowing clients in sectors like banking, retail, and agriculture to access energy infrastructure through long-term contracts with zero upfront capital expenditure requirements. Prior to its corporate acquisition, the enterprise successfully raised $68 million in funding and expanded its workforce to approximately 150 employees. The company currently manages a regional portfolio of over 405 active installations, representing 113 megawatts of installed capacity distributed across five African countries. Daystar Power was acquired by Shell in 2023, following earlier financial backing from institutional investors including Verod Capital, Proparco, and IFU. The company was founded in 2017 by Jasper Graf von Hardenberg and Christian Wessels.
Daystar Power has raised $78.0M across 4 funding rounds.
Daystar Power has raised $78.0M in total across 4 funding rounds.
Daystar Power has raised $78.0M across 4 funding rounds. Most recently, it raised $10.0M Debt in July 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 11, 2021 | $10M Debt Financing | — | — | Announced |
| Jan 14, 2021 | $38M Series B | — | — | Announced |
| Feb 14, 2020 | $4M Debt Financing | Sunfunder | — | Announced |
| Mar 25, 2019 | $26M Debt Financing | Persistent Energy Capital, Verod Capital Management | — | Announced |
Daystar Power has raised $78.0M in total across 4 funding rounds.
Daystar Power's investors include SunFunder, Persistent Energy Capital, Verod Capital Management.
