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Daystar Power Group logo — Daystar Power provides businesses in Africa with clean, cont...

Daystar Power Group

Daystar Power provides businesses in Africa with clean, continuous and affordable power.

Founded 2017 Nigeria Lagos, Nigeria 253 employees Debt Financing Total: $94.00M Energy, Renewable Energy

General Information

Company Name Daystar Power Group
Founded Year 2017
Location Nigeria Lagos, Nigeria
Founders / Decision Makers
Team member
Employees 253
Industries Energy, Renewable Energy
Funding Stage Debt Financing
Business Model B2B, On Demand
Revenue Model Usage Based, Leasing/Rental, One Time Purchase
Social

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About Daystar Power Group

Daystar Power Group, headquartered in Nigeria, is strategically tackling the power crisis in Sub-Saharan Africa. Founded in 2017, the company provides hybrid solar power solutions designed to replace the prevalent use of costly and polluting diesel generators among businesses. Their mission, highlighted by their slogan, "Daystar Power provides businesses in Africa with clean, continuous and affordable power," aligns with current global energy trends focusing on renewable resources.

Their model offers flexibility through either a cash sale or a monthly fee, providing significant advantages such as cost reduction, stable power supply, and pollution mitigation. Operating in the Energy and Renewable Energy industries, Daystar Power presents an attractive investment proposition in a rapidly growing market.

Their last funding round was a $1.00M debt financing investment from TRINE on 01 September 2021, which points to investor confidence in their potential to address critical infrastructure challenges in Africa.

Business keywords: clean energy, solar power, hybrid solar solutions, commercial power solutions, industrial energy solutions, agricultural energy solutions, diesel reduction, power cost reduction, pollution reduction, renewable energy solutions, energy supply stabilization, green technology, sustainable power solutions

Services & Products

Power as a Service
Solar as a Service
Lease-to-Own Solar Services
Energy Audits
Solar Panel Installation

Target Customers

Industrial Businesses Banks Manufacturing Companies Large Enterprises Sustainability-focused Organizations

Funding Rounds & Investors (10)

View All
Funding Stage Amount Investors Lead Investors Date
Debt Financing $1.00M 1
TRINE
01 Sep 2021
Debt Financing $20.00M 1
International Finance Corporation
06 Jul 2021
Debt Financing $1.00M 1
TRINE
01 Jul 2021
Debt Financing $4.00M 1
DEG
27 May 2021
Series B $38.00M 4
Proparco, STOA +2
12 Jan 2021
Debt Financing $4.00M 1
SunFunder
07 Feb 2020
Series A $10.00M 2
Verod Capital Management, Persistent
21 Mar 2019
Debt Financing $16.00M 1
TRINE
21 Mar 2019
Seed Round Undisclosed 1
DEG
01 Dec 2017
Seed Round Undisclosed 1
Sunray Ventures
01 Feb 2017

Daystar Power Group Alternatives & Competitors

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Evergreen Solar
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FAQ About Daystar Power Group

Daystar Power provides businesses in Africa with clean, continuous and affordable power.
Daystar Power Group was founded in 2017.
Daystar Power Group is headquartered in Lagos, Nigeria.
Daystar Power Group operates in Energy and Renewable Energy. Its work centres on clean energy, solar power, hybrid solar solutions and commercial power solutions. Its customers include Industrial Businesses, Banks and Manufacturing Companies.
Daystar Power Group has a B2B and On Demand business model. Its revenue comes from Usage Based, Leasing/Rental and One Time Purchase.
Daystar Power Group has approximately 253 employees.
Daystar Power Group has completed 10 funding rounds, raising a total of $94.00M. The latest funding stage is Debt Financing.
Daystar Power Group offers: Power as a Service, Solar as a Service, Lease-to-Own Solar Services, Energy Audits, Solar Panel Installation.
Top alternatives and competitors to Daystar Power Group include Green Power Energy, CME - Copper Mountain Energy, Evergreen Solar, Canopy Power, Our World Energy. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Daystar Power Group and Green Power Energy are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Daystar Power Group, https://bouncewatch.com/company/daystar-power-group, updated 5 June 2026. When citing, please name BounceWatch and link this page.

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