KarmSolar

Businessfiled

KarmSolar operates in Climate / Cleantech, based in Egypt, Africa. Egypt-based solar power developer and electricity distributor KarmSolar has secured EGP83 million (US$3 million) in debt funding to support the further development and rollout of Farafra Solar Grid, the company’s second micro-grid-solution, covering 100 per cent of clients’ load.

Sub-sector tags: climate/cleantech, energy.

No verified homepage on file yet — operating evidence is limited to the public record.

Capital & rounds (filed)filed

KarmSolar has raised $3.0M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).

Largest single filing: $3.0M on 2023-01-12.

Most recent recorded round closed around 2023-01-12.

Valuation (modeled)modeled

Provath models KarmSolar at approximately $26M (range $2.5M–$104M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.

Read: Over-valued. Modeled value is 1.96× the median modeled value of Seed Climate / Cleantech companies in 2022–2024 (11 peers) — value vs value, same stage and era.

Financing rhythm & timingmixed

Last raise 3.5 yr ago; this sector typically re-raises about every 9 months.

Only one round on record and long silent — often defunct, acquired, or gone quiet.

Comparablesmixed

Capital scale ranks ahead of 61% of Climate / Cleantech peers (207 compared).

Modeled value ranks above 64% of those peers.

Closest niche peers: Hohm Energy, Climate Solution Investments LLC, Reunion Infrastructure, Inc., EVident Battery, Inc., Sesame Sustainability Inc..

Risks & flagsmixed

Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.

Modeled above niche peers — valuation risk on entry.

No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.