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HAALA Energy raised SAR 28.5 million in a Series A funding round led by Fakeeh Investment Holding to advance its 30 MWp commercial and industrial solar projects.

PRIVATEMar 03, 2025

Amount Raised

ر.س28.5 Million

Round Type

Series A

JeddahEnergyRenewable EnergySolar

Investors

Fakeeh Investment Holding

Description

HAALA Energy, a Saudi Arabian solar developer, has secured SAR 28.5 million in a Series A funding round to enhance its solar project pipeline. The investment will allow the company to deploy 30 MWp of solar capacity for commercial and industrial clients over the next three years.

Quick answer

HAALA Energy raised ر.س28.5 Million in a Series A round, dated March 3, 2025. Investors: Fakeeh Investment Holding. HAALA Energy is based in Jeddah, Makkah Region, Saudi Arabia.

How much did HAALA Energy raise?
HAALA Energy raised ر.س28.5 Million in a Series A round on March 3, 2025.
Who invested in HAALA Energy?
Fakeeh Investment Holding is named as investors in this round.
What does HAALA Energy do?
HAALA Energy is a solar installer, developer, and O&M service provider, combining deep local market understanding with a rigorous and analytical approach to project development.
Where is HAALA Energy based and how big is it?
HAALA Energy is based in Jeddah, Makkah Region, Saudi Arabia. Fundz records about 17 employees.
Who are the decision-makers at HAALA Energy?
Fundz holds 2 contacts at HAALA Energy. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as HAALA Energy that raised within 45 days of this round, from Fundz verified event records.

  • Jupiter International raised $58M on April 15, 2025.
  • Mainspring Energy raised $258M (Series F) on April 14, 2025.
  • Aerem Solutions raised $1.5M (Series A) on April 4, 2025.
  • Aetherflux raised $50M (Series A) on April 2, 2025.
  • Rivy raised $4M (Pre-Series A) on March 26, 2025.
  • Novac raised $3.8M (Seed) on March 25, 2025.

Who to call at HAALA Energy, and when

A new round usually means HAALA Energy is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

HAALA Energy

Location

Jeddah, Makkah Region, Saudi Arabia

About

HAALA Energy is a solar installer, developer, and O&M service provider, combining deep local market understanding with a rigorous and analytical approach to project development. Specialising in distributed commercial-scale PV, HAALA develops peak-shaving and hybrid solutions to help commercial, industrial and agricultural clients reduce energy costs and mitigate fuel price risk. HAALA Energy was founded in 2016 and is based in Jeddah. HAALA incorporates employee ownership into its business model.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

HAALA Energy raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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