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KarmSolar logo — Egypt's largest private solar utility company

KarmSolar

Egypt's largest private solar utility company

Founded 2011 Egypt Egypt 95 employees Debt Financing Total: $156.00M Energy, Renewable Energy

General Information

Company Name KarmSolar
Founded Year 2011
Location Egypt Egypt
Employees 95
Industries Energy, Renewable Energy
Funding Stage Debt Financing
Social

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About KarmSolar

KarmSolar is Egypt's largest private solar utility company, specializing in developing innovative solar energy solutions for off-grid and on-grid applications. Their mission is to deliver turnkey standalone solar energy applications that are cost-competitive with fossil fuels, aiming to integrate easily with other sustainable solutions such as building efficiency, organic farming, and closed water cycle solutions (hydroponics). The company's goal is to commercialize sustainability enabling businesses to benefit from an increase in productivity while protecting the environment. With headquarters in Egypt, KarmSolar demonstrates a commitment to spearhead the sustainable energy revolution in the region. Although details on their last investment and investors are not readily available, their dedication to promoting sustainable energy solutions positions them as a potential contender for investment in the emerging market of renewable energy startups.

Business keywords: solar energy solutions, off grid applications, on grid applications, turnkey solar energy applications, sustainable solutions, building efficiency, organic farming, closed water cycle solutions, commercializing sustainability, productivity increase, environmental protection

Funding Rounds & Investors (7)

View All
Funding Stage Amount Investors Lead Investors Date
Debt Financing EGP83.00M 1
HSBC
10 Jan 2023
Debt Financing EGP47.00M 1
Qatar National Bank Alahli
23 Oct 2022
Venture Round $1.00M -
29 Aug 2022
Venture Round $25.00M 1
EDF Renewable Energy
25 Nov 2019
Seed Round Undisclosed -
01 Jan 2018
Seed Round Undisclosed -
01 Aug 2016
Non Equity Assistance Undisclosed 1
AUC Venture Lab
30 Sep 2013

KarmSolar Alternatives & Competitors

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FAQ About KarmSolar

Egypt's largest private solar utility company
KarmSolar was founded in 2011.
KarmSolar is headquartered in Egypt.
KarmSolar operates in Energy and Renewable Energy. Its work centres on solar energy solutions, off grid applications, on grid applications and turnkey solar energy applications.
KarmSolar has approximately 95 employees.
KarmSolar has completed 7 funding rounds, raising a total of $156.00M. The latest funding stage is Debt Financing.
Top alternatives and competitors to KarmSolar include Solcellespesialisten, SunSource Energy, Orb Energy, AutoSolar Energy Solutions, Sun Africa. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
KarmSolar and Solcellespesialisten are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for KarmSolar, https://bouncewatch.com/company/karmsolar, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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