Sub-Saharan Africa is in the middle of a power crisis, with large portions of the population not having access to electricity. Businesses and consumers who do have access to the grid, often have to deal with daily power outages which can last up to several days.
Most businesses across Sub-Saharan Africa rely on expensive and polluting diesel generators to bridge the supply-demand gap of electricity. Daystar Power focuses on hybrid solar power solutions for commercial customers for either a cash sale or a monthly fee. Daystar Power delivers three significant benefits to its customers: 1) reducing the cost of energy, 2) providing a stable power supply and 3) reducing pollution.
Location: Nigeria, Lagos State, Lagos
Member count: 51-200
Total raised: $58M
Founded date: 2017
Funding Rounds 2
| Date | Series | Amount | Investors | Deal News |
| 11.07.2021 | - | $20M | IFC Ventur... | techcabal.... |
| 14.01.2021 | Series B | $38M | - | techgistaf... |
Mentions in press and media 16
| Date | Title | Description | Source |
| 30.09.2022 | Shell acquires Lagos-based Daystar Power | --> --> Lagos-based Daystar Power has announced that it will be acquired by Shell subject to ... | nairametri... |
| 11.07.2021 | Daystar Power, a solar startup, has received $20 million in ... | Daystar Power, a West African producer of hybrid solar power solutions, has announced the completion... | techgistaf... |
| 07.07.2021 | Nigeria’s Daystar Power secures $20 million from IFC | Daystar Power, a provider of hybrid solar power solutions to businesses in West Africa, has secured ... | techcabal.... |
| 07.07.2021 | Daystar Power receives $20 million in funding to boost opera... | Share this article: Today, Nigeria-based hybrid renewable energy provider, Daystar Power, has recei... | techpoint.... |
| 02.06.2021 | Banks don’t fund African renewable energy startups. So where... | Small and medium scale enterprises in Africa receive about $70bn of credit each year. But the Intern... | techcabal.... |
| 16.01.2021 | Daystar Power, a tech startup in Nigeria, secures $38 millio... | Daystar Power, a startup providing solar power solutions to businesses in the region, has secured $3... | techgistaf... |
| 15.01.2021 | Nigerian tech startup secures $38-million | Based in Lagos, Nigeria, Daystar Power, a startup providing solar power solutions to businesses in t... | venturebur... |
| 15.01.2021 | Nigerian tech startup secures $38-million | Based in Lagos, Nigeria, Daystar Power, a startup providing solar power solutions to businesses in t... | venturebur... |
| 14.01.2021 | Daystar Power secures $38m Series B round | Nigeria: Nigerian company Daystar Power, a provider of hybrid solar power solutions to businesses, h... | incubees.c... |
| 14.02.2020 | Daystar Power joins Flutterwave, Paga as Endeavor Nigeria co... | Christian Wessels and Jasper Graf von Hardenberg, the co-founders of Nigerian renewable energy start... | techcabal.... |
Show more