NoorNation, an Egypt-based startup focusing on climate technology, has recently received an undisclosed amount of funding from KBW Ventures, the venture capital firm established by Saudi Prince Khaled bin Alwaleed. This investment will facilitate NoorNation’s growth ambitions and enhance its pioneering work in decentralized energy and water systems.
Launched in 2021 by entrepreneur Ragy Ramadan, NoorNation is dedicated to delivering tech-driven solutions to off-grid communities across Egypt and Sub-Saharan Africa.
The startup’s premier offering, LifeBox, is a solar-powered, standalone unit that provides clean energy and safe drinking water at an accessible cost to rural populations, agricultural enterprises, and the tourism sector. Proudly designed and produced in Egypt, LifeBox not only fosters industrial self-reliance and sustainable practices but also meets the social, economic, and environmental needs of its users.
KBW Ventures’ backing represents a significant endorsement for NoorNation. Prince Khaled was immediately impressed by NoorNation’s potential during its presentation at the PepsiCo Greenhouse Accelerator Program, noting the startup’s synergy with KBW Ventures’ commitment to climate tech and its promise for positive change.
Prince Khaled remarked, underscoring his confidence in Egypt’s capabilities in sustainability and energy, commented:
This marks our first venture into the Egyptian startup ecosystem. NoorNation’s pitch solidified my belief in their capacity to implement practical solutions.
With this new injection of capital, NoorNation is well-positioned to broaden its impact and hasten its mission of providing sustainable infrastructure solutions.
