About Astrum Solar
Astrum Solar is a company based in Maryland (Nigeria) founded in 2007 was acquired by Direct Energy in July 2014. Astrum Solar has raised $10.55 million across 2 funding rounds from investors including Direct Energy, NewWorld and Constellation Ventures. Astrum Solar operates in a competitive market with competitors including Enel X, Lightsource BP, Dominion Energy, Origis Energy and EDF Renewable Energy, among others.
- Headquarter Maryland, Nigeria
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Sectors
Energy & Utilities
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Email
Locked
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Phone
Locked
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Website
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$10.55 M (USD)
in 2 rounds
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Latest Funding Round
$7.55 M (USD), Series A
Nov 19, 2013
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Investors
Direct Energy
& 3 more
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Employee Count
Not available
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Acquired by
Direct Energy
(Jul 29, 2014)
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Funding Insights of Astrum Solar
Astrum Solar has successfully raised a total of $10.55M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $7.55 million completed in November 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Astrum Solar
Astrum Solar has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Direct Energy, NewWorld and Constellation Ventures.
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Private equity investments in the US are managed by NewWorld.
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PE firm investing in the US
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Investor details for Astrum Solar
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Investments & Acquisitions by Astrum Solar
Investment portfolio details for Astrum Solar
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Financial Statements - Astrum Solar
Detailed financials for Astrum Solar
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Astrum Solar Comparisons
Peer comparison for Astrum Solar
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Competitors of Astrum Solar
Astrum Solar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Enel X, Lightsource BP, Dominion Energy, Origis Energy and EDF Renewable Energy, among others.
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Utility-scale renewable energy projects are developed by Enel X.
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Solar energy projects are developed and operated by Lightsource BP.
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Energy production and transportation are conducted by Dominion Energy.
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Utility-scale and commercial solar projects are developed worldwide.
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Solar and wind energy projects are developed and operated.
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Hardware and home improvement products are supplied to retail markets.
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Detailed competitors of Astrum Solar
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Latest news on Astrum Solar
Complete news archive for Astrum Solar
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Frequently Asked Questions about Astrum Solar
Astrum Solar was founded in 2007 and raised its 1st funding round 4 years after it was founded.
Astrum Solar is headquartered in Maryland, Nigeria. It is registered at Maryland, Lagos, Nigeria.
Astrum Solar is a funded company, having raised a total of $10.55M across 2 funding rounds to date.
Astrum Solar was founded in 2007 and operates within the renewable energy sector. Solar installation services are delivered specifically to residential customers, focusing on the integration of solar panels into home energy systems. Operations are centered in Maryland, Nigeria, where installations are conducted to facilitate sustainable power solutions. The companys domain, astrumsolar.com, supports its service outreach and information dissemination.
Astrum Solar's top competitors include Enel X, Lightsource BP and Dominion Energy.
Astrum Solar has 4 investors. Key investors include Direct Energy, NewWorld, Constellation Ventures, and CCM Group.