Daystar Power Group
Latest round
- Series B
Last raised
- Jan 2021
Total raised
- $38M
Investors
- 5
About Daystar Power Group
Daystar Power Group provides solar hybrid power solutions across Africa, helping businesses reduce energy costs and enhance sustainability.Founded in 2017 in Nigeria, Daystar Power Group specializes in solar hybrid power systems, primarily targeting commercial and industrial clients.Daystar Power specializes in providing solar hybrid power systems tailored for businesses across several African countries. Their core offerings include Power as a Service (PaaS) and Solar as a Service (SaaS) models, where clients enter into long-term contracts to receive uninterrupted power supply without any upfront costs. These systems utilize a combination of solar energy and battery storage to ensure reliability, achieving an average uptime of 99%. Daystar's services are designed to replace or supplement existing power sources, such as diesel generators or grid electricity, thereby reducing operational costs by up to 30%.Daystar Power's revenue model is centered around subscription-based services, where clients pay a monthly fee for their power consumption through both the PaaS and SaaS offerings. Under these models, businesses benefit from a reliable and cost-effective energy solution while avoiding high initial capital expenditures typically associated with traditional energy systems. The firm establishes long-term contracts, ensuring a steady revenue stream through consistent power delivery. Pricing structures are designed to be competitive, positioning their solar power solutions as significantly cheaper alternatives to conventional power systems.Daystar Power's future growth strategy includes expanding its presence in West Africa, particularly in markets such as Ghana and Senegal, by the end of 2023.30 mn to enhance their product development and market reach. Additionally, they will utilize the recent acquisition of Daybreak Power Solutions Limited by Shell Oil Company to enhance their operational capabilities and deliver further carbon emission reductions to their clients.
Who invested in Daystar Power Group
5 investors across 2 rounds
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Questions about Daystar Power Group
Who invested in Daystar Power Group?
Daystar Power Group has 5 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Daystar Power Group raised?
Daystar Power Group has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Daystar Power Group last raise money?
Daystar Power Group's most recent round on record is a Series B, in Jan 2021.
What does Daystar Power Group do?
Daystar Power Group provides solar hybrid power solutions across Africa, helping businesses reduce energy costs and enhance sustainability.
Where is Daystar Power Group headquartered?
Daystar Power Group is headquartered in Nigeria.
Which VCs invest in companies like Daystar Power Group?
Among active investors with capital left to deploy, WestBridge Capital Partners, Persistent Energy Capital, Norrsken22 and 4DX Ventures back renewable energy companies at Daystar Power Group's stage. Their profiles are linked below.
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