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Daystar Power
Provides commercial and industrial clients in Africa with captive solar power solutions in long-term service fee models
About Daystar Power
Daystar Power is a leading provider of clean energy solutions in Africa, focusing on delivering reliable and cost-effective power through a combination of solar power and battery storage technologies. The company serves a diverse range of clients, including businesses and industries that require continuous and dependable power supply. Operating primarily in the African market, Daystar Power offers its services through a Power as a Service (PaaS) model, where clients pay a monthly fee for power consumption without any upfront costs. This model ensures that clients can benefit from modern and cutting-edge technology while saving money on energy costs. The company integrates its solutions into existing power setups, such as diesel generators or grid connections, to enhance reliability and efficiency. Daystar Power is also committed to gender equality and aims to have a 40% share of women in its team by 2024, supporting the growth of women in the green economy through hiring and training initiatives.
Source: Dealroom company dataAt a glance
- Status
- Acquired
- Founded
- 2017
- Headquarters
- Lagos, Nigeria
- Employees
- 252
- Open positions
- 8
- Dealroom signal
- 81.6/100
- Industry
- Energy
- Sub-industry
- Clean Energy
- Sector
- Energy, Solar Energy, Battery, Sustainable Development Goals, Climate Tech, Renewable Energy, Hard Tech, Woman Founder
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Oct 2022 | $0 | — | Shell | ↗ |
| DEBT✓Debt | Jul 2021 | $20M | — | International Finance Corporation | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Daystar Power is 7.7K monthly website visits, up 13.2% over the last three months. Daystar Power's team grew 123% over the past year.
Open positions
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
Sunray Ventures
Series A6 investors entered at this stage
Verod
Persistent
Investment Fund for Developing Countries
Proparco
STOA
Morgan Stanley
Series B and later2 investors entered at this stage
SunFunder
International Finance Corporation
Other known investors1 additional known investor
Shell
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Daystar Power on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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