About Daystar Power
Daystar Power is an Energy & Utilities company based in Ebene (Mauritius) founded in 2017 by Christian Wessels, and was acquired by Shell in September 2022. Solar system installer. Daystar Power has raised $48 million across 8 funding rounds from investors including Shell, Morgan Stanley and International Finance Corporation. Its chief executive, as recorded, is Jasper Graf von Hardenberg. Daystar Power offers products and services including PaaS and SaaS. Its focus areas include Energy, Solar Energy, Project Development Services and Project Developers. Its legal entity is Daystar Power Energy Solutions.
Company details
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.
- Headquarters Ebene, Mauritius
- Founders Christian Wessels
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Website daystar-power.com
- Social LinkedIn X Facebook
- Acquired by Shell (Sep 2022)
- Legal Name Daystar Power Energy Solutions
Products & Services of Daystar Power
Daystar Power offers a comprehensive portfolio of products and services, including PaaS and SaaS.
Provides continuous power via long-term contracts with monthly fees
Supplies clean solar power systems at lower costs with no upfront investment
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 $48M
- Total Rounds 8
- Investors Count 11
All 8 funding rounds of Daystar 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 |
|---|---|---|---|---|---|
| Jan 2022 | Grant | – | – | ||
| Jul 2021 | $20M | Debt – Conventional | – | – | |
| Jan 2021 | $38M | Series B | – | IFU | |
| Feb 2020 | Debt – Conventional | – | – | ||
| May 2019 | $559,679 | Debt – Conventional | – | – | |
| Mar 2019 | $16M | Debt – Conventional | – | – | – |
| Mar 2019 | $10M | Series A | – | Persistent, Verod | – |
| Aug 2018 | Seed | – | DEG | – |
12 investors in total: 12 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
IFC is focused on private sector development in emerging markets. | 1956 | ifc.org | ||
Private equity investment firm | 1967 | ifu.dk | Copenhagen, Denmark | |
Economic development investments are financed through specialized solutions by Proparco. | 1977 | proparco.fr | Paris, France | |
Africa's climate venture builder focused on sustainable impact. | 2012 | persistent.energy | Nairobi, Kenya | |
Verod is recognized as a leading African investment firm. | 2008 | verod.com | Lagos, Nigeria | |
Private equity firm focused on growth equities | deginvest.de | Cologne, Germany | ||
Infrastructure development services are provided to support international projects. | ustda.gov | Arlington, United States | ||
Wealth management, investment advisory, and financial services are provided. | 1935 | morganstanley.com | New York, United States | |
Infrastructure fund focused on energy, telecom, transport, social infra, and wastewater sectors | stoainfraenergy.com | Paris, France | ||
Capital is aggregated online for financing solar projects worldwide. | 2012 | sunfunder.com | San Francisco, United States |
Investor details for Daystar Power
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Daystar Power
32 people are tracked at Daystar Power (14 in leadership, 18 in team).
| Name | Role | Group |
|---|---|---|
Christian Wessels | Co-Founder & President | Leadership |
Jasper Graf von Hardenberg | CEO | Leadership |
Kingsley Okezie | Head of Supply Chain | Leadership |
Olufunke Taiwo | Head of Human Resources | Leadership |
Céline Aubry | Country Head, Senegal & Ivory Coast | Leadership |
Oyin Olanrewaju | Head of Legal | Leadership |
Victor T. Ezenwoko | Country Head, Nigeria | Leadership |
Adewale Akintola | Head of QHSE | Leadership |
Tayo Tofade | Chief Technology Officer | Leadership |
Mutiu Olatunji | Head, Sales Engineering | Leadership |
Oulimata Dia | COO | Leadership |
Olumide Olatona | Head, Field Service (operations) | Leadership |
Zinat Raji | Head Of Strategic Projects / Chief Of Staff | Leadership |
Engr. Adewale Festus Akintola (B.tech | Head, Qhse-facilities | Leadership |
Emmanuel Onoja | Account Specialist And NOC Analyst | Team |
Olamide Sadipe | Business Development Manager | Team |
Alexander Kuku | Transit, Shipping And Procurement Coordinator | Team |
Abiola Ojo | Operational Technology Manager | Team |
Ologun Olanrewaju Henry | Procurement Manager | Team |
Opeoluwa Popoola | Field Services Engineer 1 | Team |
12 more people are available in the full profile.
Complete people profiles for Daystar Power
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Daystar Power
4 dated milestones of Daystar Power across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Daystar Power is founded.
- Funding First funding round.
- Funding Latest funding round, Grant,.
- Exit Acquired by Shell.
Web traffic of Daystar Power
The website of Daystar Power (daystar-power.com) receives about 4K visits a month.
- Monthly visits4K
▲ 20.5% vs previous month
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Frequently Asked Questions about Daystar Power
Daystar Power was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Daystar Power is headquartered in Ebene, Mauritius. It is registered at Ebene, Plaines Wilhems, Mauritius.
Jasper Graf von Hardenberg is the CEO of Daystar Power, as recorded in our data.
Daystar Power is a funded company, having raised a total of $48M across 8 funding rounds to date.
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.
Daystar Power offers PaaS and SaaS.
Daystar Power has 12 investors. Key investors include Shell, Morgan Stanley, International Finance Corporation, TRINE, and SunFunder.
Daystar Power operates through Daystar Power Energy Solutions.
Yes. Daystar Power was acquired by Shell in September 2022.