KarmSolar announces new minority stake round

KarmSolar announces new minority stake round

Press release:

KarmSolar, Egypt's leading private power utility and solar energy company, has initiated a round of capital increase to fund its local and regional expansion plans. US-based Synergy Consulting supports the new investment round as the sell-side advisor. The capital injection will support existing power generation and distribution businesses, as well as enable new business verticals such as solar water desalination solutions provider KarmWater, and electric mobility venture KarmCharge to flourish.