KBW Ventures invests in NoorNation’s solar energy and water systems
The Egyptian climate technology company attracts backing for decentralised infrastructure.
An investment in off-grid infrastructure
KBW Ventures announced an investment in NoorNation on July 21, 2024. The firm, founded by Khaled bin Alwaleed, said the company was its first investment in an Egyptian startup. The amount and financing stage were not disclosed.
Solar power for farms and communities
NoorNation develops decentralised energy and water infrastructure for farms, tourism businesses and rural communities. Its LifeBox product combines solar power with water supply in a mobile, self-contained unit designed and manufactured in Egypt.
KBW identified the company through the PepsiCo Greenhouse Accelerator’s MENA sustainability programme. The investment followed its assessment of the product’s social need, scalability and efficiency.