Nigerian startup Daystar Power to raise $100M to expand in Togo and West Africa

Energy
Friday, 19 February 2021 09:14
Nigerian startup Daystar Power to raise $100M to expand in Togo and West Africa

(Togo First) - The Nigerian startup, Daystar Power plans to raise $100 million in the next three years, to finance its expansion in Togo and West Africa. The funds which is a debt will be raised through five rounds of $20 million each. 

In Togo, the hybrid solar power startup competes against others like Bboxx already active on the Cizo rural power project, Kya energy group.

Daystar, to win new shares of the West African market, will focus on helping its customers cut energy costs by investing in the analysis segment. 

Launched in 2017 by Sunrah Ventures, Daystar provides hybrid solutions to commercial and industrial firms. It currently works on new power storage technologies.   

Besides Togo, the Company also operates in Ghana and Senegal and also in Nigeria where it is based.

Ayi Renaud Dossavi

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