About KarmSolar
KarmSolar is an Energy & Utilities company based in Cairo (Egypt) founded in 2011 by Mohamed Alansari, Yumna Madi, Ahmed Zahran, Xavier Auclair, Randa Fahmy, and Tamer Essawy. Solar pumping systems and energy integration solutions are provided. KarmSolar has raised $25 million across 3 funding rounds from investors including HSBC, EDF Renewable Energy and QNB ALAHLI. Its chief executive, as recorded, is Ahmed Zahran. KarmSolar offers products and services including Micro-grids, KarmWater, KarmCharge, and KarmBuild. Its focus areas include Energy, Solar Energy, Project Development Services and Project Developers. Its competitors include Infinity, SolarizEgypt and Onasolar; 1 of its 3 listed competitors has raised funding.
Company details
Founded in 2011 and based in Cairo, Egypt, solar technology solutions are offered by KarmSolar to agricultural, industrial, tourism, and other sectors. Solar pumping systems for irrigation are supplied, along with island grid fuel saver systems that enable solar PV integration into diesel grids. Energy management services for existing infrastructure are provided, complemented by user interface software for monitoring and control.
- Headquarters Cairo, Egypt
- Founders Mohamed Alansari, Yumna Madi, Ahmed Zahran, Xavier Auclair, Randa Fahmy, Tamer Essawy
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website karmsolar.com
- Social LinkedIn X Facebook Instagram
- Total Equity Funding$25M (USD)
in 3 rounds
- Latest Funding Round$3.02M (USD), Debt – Conventional
Jan 2023
- InvestorsHSBC
& 2 more
Products & Services of KarmSolar
KarmSolar offers a comprehensive portfolio of products and services, including Micro-grids, KarmWater, KarmCharge, and KarmBuild.
Delivers reliable off-grid electricity using solar and batteries.
Provides solar-powered desalination for sustainable water access.
Offers EV charging infrastructure integrated with solar networks.
Delivers sustainable construction for energy and water projects.
Funding Insights of KarmSolar
KarmSolar has successfully raised a total of $25M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $3.02 million completed in January 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $25M
- Total Rounds 3
- Last Round Debt – Conventional — $3.02M
- First Round $25M
(Nov 2019)
- Investors Count 3
All 3 funding rounds of KarmSolar with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2023 | $3.02M | Debt – Conventional | – | – | |
| Aug 2022 | $2.4M | Debt – Conventional | – | – | |
| Nov 2019 | $25M | Series B | – | EDF Renewable Energy | – |
3 investors in total: 3 institutional.
Investors in KarmSolar
KarmSolar has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include HSBC, EDF Renewable Energy and QNB ALAHLI.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Universal banking and financial advisory services are provided globally. | 1865 | hsbc.com | London, United Kingdom | |
Provides fund and financial management services for clients. | 1978 | qnbalahli.com | Cairo, Egypt | |
Solar and wind energy projects are developed and operated. | 1987 | edf-re.com | San Diego, United States |
Investor details for KarmSolar
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of KarmSolar
10 people are tracked at KarmSolar (9 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Mohamed Alansari | Co-Founder | Leadership |
Yumna Madi | Co-Founder | Leadership |
Ahmed Zahran | Co-Founder & CEO | Leadership |
Xavier Auclair | Co-Founder | Leadership |
Randa Fahmy | Co-Founder | Leadership |
Tamer Essawy | Co-Founder | Leadership |
Nader Ismail | Partner | Leadership |
Yara Rashad | Human Resources Director | Leadership |
Heba Selim | HR Business Partner | Leadership |
Nermeen A. | Operations Manager | Team |
Complete people profiles for KarmSolar
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of KarmSolar
3 dated milestones of KarmSolar across 12 years, from founding to its latest funding, stage changes and deals.
- Founded KarmSolar is founded.
- Funding First funding round of $25.0M.
- Funding Latest funding round, Debt – Conventional, of $3.0M.
Competitors of KarmSolar
KarmSolar has 3 listed competitors in our database, 1 of them funded. They include Infinity, SolarizEgypt and Onasolar.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| weareinfinity.com | 2014 | Cairo, Egypt | $60M | Solar energy projects are developed in the renewable sector. | ||
| solarizegypt.com | 2013 | Cairo, Egypt | Unlocking Egypt's unrealized solar potential | |||
| onasolar.com | 2014 | Masr Al Jadidah, Egypt | Offers turnkey solar solutions for efficient energy needs. |
Detailed competitors of KarmSolar
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- Full competitor set
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Web traffic of KarmSolar
The website of KarmSolar (karmsolar.com) receives about 1.1K visits a month.
- Monthly visits1.1K
▼ 7.4% vs previous month
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Related news about Karmsolar
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Frequently Asked Questions about KarmSolar
KarmSolar was founded in 2011 and raised its 1st funding round 8 years after it was founded.
KarmSolar is headquartered in Cairo, Egypt.
Ahmed Zahran is the CEO of KarmSolar, as recorded in our data. They have also founded this company.
KarmSolar is a funded company, having raised a total of $25M across 3 funding rounds to date. The company's 1st funding round was a Series B of $25M, raised on Nov 2019.
Founded in 2011 and based in Cairo, Egypt, solar technology solutions are offered by KarmSolar to agricultural, industrial, tourism, and other sectors. Solar pumping systems for irrigation are supplied, along with island grid fuel saver systems that enable solar PV integration into diesel grids. Energy management services for existing infrastructure are provided, complemented by user interface software for monitoring and control.
KarmSolar's top competitors include Infinity, SolarizEgypt and Onasolar.
KarmSolar offers Micro-grids, KarmWater, KarmCharge, and KarmBuild.
KarmSolar has 3 investors. Key investors include HSBC, EDF Renewable Energy, and QNB ALAHLI.