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KarmSolar
Private off-grid solar energy integrator in Egypt
About KarmSolar
A multi-utility enterprise specializing in solar energy solutions and operating as a leading Independent Power Producer (IPP) in Egypt. The company has a strong focus on the entire electricity value chain, from securing Power Purchase Agreements (PPAs) and solar distribution contracts with large commercial, industrial, and agricultural clients to developing, building, and operating solar power plants.
Read full description
KarmSolar is expanding its services to include solar-powered water desalination through its KarmWater initiative, aiming to provide sustainable water solutions. The company is actively involved in large-scale projects, such as the Marsa Alam Solar Grid, connecting multiple solar stations to create a reliable power infrastructure. With a significant land bank exceeding 6,100 acres across Egypt, the company is well-positioned for future growth and the development of new solar projects. The business model revolves around long-term contracts and direct energy sales to a diverse client base, contributing to the renewable energy transition in the Middle East and North Africa (MENA) region.
At a glance
- Status
- Operational
- Founded
- 2011
- Headquarters
- Zamalek, Egypt
- Employees
- 118
- Open positions
- None listed
- Dealroom signal
- 80.2/100
- Sub-industry
- Clean Energy, Energy Providers
- Sector
- Energy, DNA, Genetics and genomics, Solar Energy, Genome Engineering, Sustainable Development Goals, Climate Tech, Renewable Energy, Hard Tech, Woman Founder
- Technology
- Hardware
- Business model
- Manufacturing
- Client focus
- b2b
Latest news
Press, funding announcements and product moves mentioning KarmSolar.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| DEBT✓Debt | Jan 2023 | $3M | — | HSBC | ↗ |
| DEBT✓Debt | Oct 2022 | $2.4M | — | Qatar National Bank Alahli | ↗ |
Growth signals
Latest recorded traffic for KarmSolar is 1.3K monthly website visits, down 83.1% over the last three months. KarmSolar's team grew 12.4% over the past year.
Similar companies
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A1 investor entered at this stage
EDF Renewables North America
Series B and later2 investors entered at this stage
- QAQatar National Bank Alahli
HSBC
Other known investors1 additional known investor
Endure Capital
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about KarmSolar on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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