About Daystar Power
Daystar Power is a company based in Ebene (Mauritius) founded in 2017 by Christian Wessels was acquired by Shell in September 2022.. Daystar Power has raised $48 million across 8 funding rounds from investors including Shell, Morgan Stanley and International Finance Corporation. Daystar Power offers products and services including PaaS and SaaS. Daystar Power operates in a competitive market with competitors including East African Power, among others.
- Headquarter Ebene, Mauritius
- Founders Christian Wessels
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Sectors
Energy & Utilities
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Email
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Phone
*********
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Website
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Social
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- Legal Name Daystar Power Energy Solutions
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Products & Services of Daystar Power
Daystar Power offers a comprehensive portfolio of products and services, including PaaS and SaaS. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides continuous power via long-term contracts with monthly fees
Supplies clean solar power systems at lower costs with no upfront investment
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Funding Insights of Daystar Power
Daystar Power has successfully raised a total of $48M across 8 strategic funding rounds. 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.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Last Round
- First Round First Round
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2022 | Amount | Grant - Daystar Power | Valuation |
investors |
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| Jul, 2021 | Amount | Debt – Conventional - Daystar Power | Valuation |
investors |
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| Jan, 2021 | Amount | Series B - Daystar Power | Valuation | IFU |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Daystar Power
Daystar Power has secured backing from 12 investors, including institutional and venture fund investors. Prominent investors backing the company include Shell, Morgan Stanley and International Finance Corporation. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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IFC is focused on private sector development in emerging markets.
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Private equity investment firm
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Economic development investments are financed through specialized solutions by Proparco.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Daystar Power
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Daystar Power
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Daystar Power Comparisons
Competitors of Daystar Power
Daystar Power 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 East African Power, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Affordable clean energy is delivered through integrated renewable development.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Daystar Power
Frequently Asked Questions about Daystar Power
When was Daystar Power founded?
Daystar Power was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Daystar Power located?
Daystar Power is headquartered in Ebene, Mauritius. It is registered at Ebene, Plaines Wilhems, Mauritius.
Who is the current CEO of Daystar Power?
Jasper Graf von Hardenberg is the current CEO of Daystar Power.
Is Daystar Power a funded company?
Daystar Power is a funded company, having raised a total of $48M across 8 funding rounds to date. The company's 1st funding round was a Series B of $38M, raised on Aug 30, 2018.
What does Daystar Power do?
Daystar Power was founded in 2017 and is headquartered in Ebene City, Mauritius. Operations focus on the renewable energy sector, where solar photovoltaic systems are installed for commercial and residential clients across Africa. Services include power solutions via monthly leasing installments, remote monitoring capabilities, and power purchase agreements to support energy access without upfront capital outlays.
Who are the top competitors of Daystar Power?
Daystar Power's top competitors include East African Power.
What products or services does Daystar Power offer?
Daystar Power offers PaaS and SaaS.
Who are Daystar Power's investors?
Daystar Power has 12 investors. Key investors include Shell, Morgan Stanley, International Finance Corporation, TRINE, and SunFunder.