Hope Ventures co-invests in Silent Power alongside the private sector in a USD 133,000 investment round

Hope Ventures co-invests in Silent Power alongside the private sector in a USD 133,000 investment round

Hope Ventures, the investment arm of Hope Fund, co-invested in a Bahraini-made solar-powered water-cooling solution, in a USD 133,000 investment round alongside members of the private sector during the final episode of the first season of . The Bahraini-based renewable solution operates from a state-of-the-art factory, producing an innovative cooling product to the modern water tank using solar panels. has a vision to expand its business beyond the domestic market through various distribution channels and partnerships with regional distributors. The company also plans to enhance their existing products, introduce new ones, and enhance their manufacturing process with the expert support of their new investors. Commenting on the investment, Mohammed Abdulaal, Founder of said: “Our mission at is to create an eco-friendly device dependent on clean and sustainable energy to help protect our environment. The SP-250 solar cooler is an alternative to the modern water tank that can be easily utilized throughout the region. This investment from Hope and the investor panel will help further develop our products to greater heights and introduce more solar powered products to the kingdom and the region.” Hope Ventures’ General Manager, Fajer Alpachachi, reflected on the investment round, saying: “At Hope, we identify entrepreneurs that