About KarmSolar
KarmSolar is a company based in Cairo (Egypt) founded in 2011 by Mohamed Alansari, Yumna Madi, Ahmed Zahran, Xavier Auclair, Randa Fahmy, and Tamer Essawy. KarmSolar has raised $25 million across 3 funding rounds from investors including HSBC, EDF Renewable Energy and QNB ALAHLI. KarmSolar offers products and services including Micro-grids, KarmWater, KarmCharge, and KarmBuild. KarmSolar operates in a competitive market with competitors including Infinity, SolarizEgypt, Onasolar, ICM Solar Group and Future Energy Corp, among others.
- Headquarter Cairo, Egypt
- Founders Mohamed Alansari, Yumna Madi, Ahmed Zahran, Xavier Auclair, Randa Fahmy, Tamer Essawy
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Sectors
Energy & Utilities
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Email
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$25 M (USD)
in 3 rounds
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Latest Funding Round
$3.02 M (USD), Debt – Conventional
Jan 10, 2023
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Investors
HSBC
& 2 more
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Employee Count
Not available
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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.
People of KarmSolar
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Human Resources and Administration
2 people
Leadership Team
1 people
Partner Team
1 people
Operations Team
1 people
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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.
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.
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Provides fund and financial management services for clients.
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Solar and wind energy projects are developed and operated.
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Investor details for KarmSolar
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Investments & Acquisitions by KarmSolar
Investment portfolio details for KarmSolar
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Financial Statements - KarmSolar
Detailed financials for KarmSolar
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- Profit trends
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Karmsolar Comparisons
Peer comparison for KarmSolar
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Competitors of KarmSolar
KarmSolar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Infinity, SolarizEgypt, Onasolar, ICM Solar Group and Future Energy Corp, among others.
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Solar energy projects are developed in the renewable sector.
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Unlocking Egypt's unrealized solar potential
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Offers turnkey solar solutions for efficient energy needs.
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Provides comprehensive solar panel installation services for residential and commercial clients.
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Develops advanced energy solutions, renewable infrastructure for global markets and projects.
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Detailed competitors of KarmSolar
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Latest news on Karmsolar
Complete news archive for 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 current CEO of KarmSolar. They have also founded this company.
KarmSolar is a funded company, having raised a total of $25M across 3 funding rounds to date.
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.