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KarmSolar
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Short description

developer and provider of off-grid high-capacity solar water pumping solution

Founded in 2011
Founded in

Company type Private Public ()
Company type

Industry Group energy & power

Sector solar

TRL Range 1-3
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Egypt Cairo, Egypt
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Updated by Cleantech Group on 01/23/2023

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IPO INFORMATION

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Description

Date Investors Type Amount
01/11/2023 HSBC HSBC (1)
Post-money valuation of
The funds will be used to develop its Farafra Solar Grid, its second grid solution after the Marsa Alam Solar Grid.
Structured Debt $3,000,000
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