Daylight Energy has raised $75 million, with $15 million in equity led by Framework Ventures and $60 million in project financing via Turtle Hill Capital, to expand its decentralized solar network.
Two-fold Fundraising for Scaling Up
Out of this amount, $15 million comes from a equity round led by Framework Ventures, with heavyweights such as a16z crypto, Coinbase Ventures, Lerer Hippeau, M13, and Not Boring Capital joining in. The remaining $60 million takes the form of a project financing orchestrated by Turtle Hill Capital, dedicated to the construction of large-scale solar infrastructures.
This hybrid structure, at the intersection of venture and asset financing, enables Daylight to simultaneously address two fronts: growing its user base and establishing a truly decentralized energy infrastructure.
The “Daylight Network”: Solar Energy without Initial Costs
The core of the model lies in the Daylight Network, a subscription program that equips households with solar panels and home batteries at no installation cost. Users benefit from stable electricity, backup power in case of outages, and reduced bills in the face of energy price volatility.
In return, participants earn “Sun Points”, a non-crypto rewards system… for now. The company plans to evolve the mechanism into a native token, thus bridging the gap between actual energy consumption and the tokenization of physical assets.
DayFi: The Intersection of DeFi and Solar
Daylight is not stopping at energy production. The company unveils DayFi, a DeFi protocol that will allow investors to generate returns from the electricity revenues produced by the network. In other words: real yield backed by real kilowatt hours.
A concept that appeals to investors seeking ‘real world yield’ in a crypto market often too speculative.
“Connecting Capital Markets to Real Infrastructures”
For Vance Spencer, co-founder of Framework Ventures, Daylight ticks all the boxes of the moment:
As AI fuels global energy demand and costs rise, Daylight positions itself as the natural link between capital and the next generation of renewable infrastructures.
A bold bet, but tailor-made for its time: as cloud and AI giants consume more electricity, energy DePINs could well become the new pillars of decentralized finance.
