How much did KarmSolar raise in its Debt Financing?

$2.4M, announced on 23 October 2022.

Who led KarmSolar's Debt Financing?

Qatar National Bank Alahli led the round.

Who invested in KarmSolar's Debt Financing?

1 investor is named for this round: Qatar National Bank Alahli (lead).

Funding roundDebt Financing

KarmSolar Debt Financing

KarmSolar raised $2.4M in a Debt Financing led by Qatar National Bank Alahli. It was announced on 23 October 2022.

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1 sourceSource: SLA Funding IndexHow we verify →

Amount raised: $2.4M; EGP 47M in local currency
Announced: 23 Oct 2022; 4 years ago
Investors: 1; 1 lead

Investors in KarmSolar's Debt Financing1

Lead

Qatar National Bank Alahli
Venture Capital
LeadProfile of Qatar National Bank Alahli →

About this round

Ahmed Zahran, KarmSolar’s Co-Founder and CEO, said, “Egypt’s first financed solar battery PPA project is a monumental step for the renewable energy sector in the region, and we are delighted to partner with QNB ALAHLI on this project.”

Sources for this round1

innovation-village.comhttps://innovation-village.com/egypts-cleantech-karmsolar-secures-2-4-million-in-funding/

Frequently asked about KarmSolar's Debt Financing

How much did KarmSolar raise in its Debt Financing?: $2.4M, announced on 23 October 2022.
Who led KarmSolar's Debt Financing?: Qatar National Bank Alahli led the round.
Who invested in KarmSolar's Debt Financing?: 1 investor is named for this round: Qatar National Bank Alahli (lead).