Transaction

All On invests USD 532.8k in Darway Coast's operations in Nigeria

Announced

11 December 2025

Target

Darway Coast Nig Ltd

Value

$532,828

Asset class

Venture Capital

Type

Investment

Instrument

Grant

Lead investors

All On Partnerships for Energy Access

Investors

All On Partnerships for Energy Access

Sector

Energy and power / Energy Storage (Battery), Solar Mini-grids, Commercial & Industrial (C&I) Solar

Markets

Nigeria

About the target

Darway Coast Nig Ltd is a privately held Nigerian renewable energy company incorporated on 5 February 2015 and operating in the renewable energy sector since 2017. Headquartered in Lagos, Nigeria, the company also maintains offices in Owerri, Imo State, and Abuja, Federal Capital Territory. Darway Coast develops, deploys and manages solar hybrid mini-grids and micro-grids serving off-grid and underserved residential, commercial and industrial customers across Nigeria. Its systems include isolated and interconnected mini-grids and hybrid configurations that combine solar photovoltaic generation, battery storage, and other power sources. The company operates a Pay-As-You-Go model supported by prepaid smart meters and remote monitoring technology used to manage electricity demand, detect and resolve faults, and remotely disconnect or reconnect customers. Darway Coast also provides Commercial and Industrial (C&I) energy solutions, including modular solar and lithium-battery systems, for customers in sectors such as telecommunications, fast-moving consumer goods, agro-processing, healthcare, manufacturing, and financial services.