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KarmSolar

company

About

KarmSolar is a private off-grid solar energy integrator in Egypt.

  • 11 - 50

Highlights

Total Funding Amount
£83M
Funding Rounds
1
Investors
1

Details

Last Funding Type
Debt Financing
Last Funding Money Raised
£83M
Industries
Energy,Renewable Energy,Solar
Founded date
Oct 23, 2011
Number Of Employee
11 - 50
Operating Status
Active

The company is an owner of a transdisciplinary utility platform designed to create solar energy for a variety of businesses and neighborhoods.

Through developing unique approaches to each project, we develop systems that harness the power of the sun and replace diesel-powered processes and thereby producing energy that is affordable, stable, reliable, and environmentally friendly.

KarmSolar was established on October 23, 2011 by Ahmed Zahran and Tamer Essawy in Cairo, Al Qahirah.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
£83M
KarmSolar has raised a total of £83M in funding over 2 rounds. Their latest funding was raised on Jan 10, 2023 from a Debt Financing round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jan 10, 2023 Debt Financing £83M 1 HSBC — Detail

Investors

Number of Lead Investors
Number of Investors
1
1
KarmSolar is funded by 1 investors. HSBC are the most recent investors.
Investor Name Lead Investor Funding Round
HSBC Yes Debt Financing
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