About Azura Power
Azura Power is an Energy & Utilities company based in London (United Kingdom) founded in 2010 by David Ladipo and Sundeep Bahanda. Solar and open-cycle power plants are developed, owned, and operated. Its chief executive, as recorded, is Alan Muir. Azura Power offers products and services including Azura-Edo IPP, Tobene IPP, CTRG Project, and Azura-Nova. Its focus areas include Energy, Solar Energy, Independent Power Producer and Utility. Its competitors include Octopus Energy, Ecotricity and Xlinks; 2 of its 3 listed competitors have raised funding.
Company details
Azura Power was founded in 2010 and is headquartered in London, United Kingdom. Power plants in Africa are developed, financed, owned, and operated. A 450MW open-cycle gas turbine project in Nigeria, designated as Azura-Edo in Phase 1, is being advanced. A 100MW solar facility, Azura Nova, is planned across 200 hectares of land.
- Headquarters London, United Kingdom
- Founders David Ladipo, Sundeep Bahanda
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website azurapower.com
- Social X
- Latest Funding Round$30M (USD), Debt – Conventional
Nov 2014
- Investors
Products & Services of Azura Power
Azura Power offers a comprehensive portfolio of products and services, including Azura-Edo IPP, Tobene IPP, CTRG Project, and Azura-Nova.
461MW open cycle gas turbine plant in Nigeria for grid supply
116MW efficient gas-fired facility in Senegal for grid operations
175MW plant in Mozambique to support industrial energy needs
100MW solar facility in development in Nigeria for renewables
Funding Insights of Azura Power
- Total Rounds 2
- Last Round Debt – Conventional — $30M
- Investors Count 2
All 2 funding rounds of Azura Power with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2014 | $30M | Debt – Conventional | – | – | |
| Sep 2012 | Seed | – | – |
2 investors in total: 2 institutional.
Investors in Azura Power
Azura Power has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include African Infrastructure Investment Managers (AIIM) and British International Investment.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government agency focused on small and medium-sized businesses | 1948 | bii.co.uk | London, United Kingdom | |
Infrastructure funds are managed for long-term investments in Africa. | 2000 | aiimafrica.com | Cape Town, South Africa |
Investor details for Azura Power
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People of Azura Power
3 people are tracked at Azura Power (3 in leadership).
| Name | Role | Group |
|---|---|---|
David Ladipo | Co-Founder | Leadership |
Sundeep Bahanda | Co-Founder | Leadership |
Alan Muir | CEO & MD | Leadership |
Complete people profiles for Azura Power
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Timeline of Azura Power
3 dated milestones of Azura Power across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Azura Power is founded.
- Funding First funding round.
- Funding Latest funding round, Debt – Conventional, of $30.0M.
Competitors of Azura Power
Azura Power has 3 listed competitors in our database, 2 of them funded. They include Octopus Energy, Ecotricity and Xlinks.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| octopus.energy | 2015 | London, United Kingdom | $2.81B | 8,177 | Utility bill management platform is provided for tracking and billing. | |
| ecotricity.co.uk | 1995 | Stroud, United Kingdom | Producer and distributor of renewable electricity | |||
| xlinks.co | 2019 | Billericay, United Kingdom | $62.61M | 2 | Utility-scale solar power is produced independently by Xlinks. |
Detailed competitors of Azura Power
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Web traffic of Azura Power
The website of Azura Power (azurapower.com) receives about 1.5K visits a month.
- Monthly visits1.5K
▼ 59.5% vs previous month
Top companies in Renewable & Sustainable Energy
2 companies that operate in the same segment as Azura Power (Renewable & Sustainable Energy) in United Kingdom, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 2.81 B | USD 17.62 K | 5,752 | |
Solar energy projects are developed and operated by Lightsource BP. | 2010 | London, England, United Kingdom | USD 417.9 M |
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Frequently Asked Questions about Azura Power
Azura Power was founded in 2010 and raised its 1st funding round 2 years after it was founded.
Azura Power is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Alan Muir is the CEO of Azura Power, as recorded in our data.
Azura Power was founded in 2010 and is headquartered in London, United Kingdom. Power plants in Africa are developed, financed, owned, and operated. A 450MW open-cycle gas turbine project in Nigeria, designated as Azura-Edo in Phase 1, is being advanced. A 100MW solar facility, Azura Nova, is planned across 200 hectares of land.
Azura Power's top competitors include Octopus Energy, Ecotricity and Xlinks.
Azura Power offers Azura-Edo IPP, Tobene IPP, CTRG Project, and Azura-Nova.
Azura Power has 2 investors. Key investors include African Infrastructure Investment Managers (AIIM), and British International Investment.