When was Phanes Group founded?

Phanes Group was founded in 2012.

Where is Phanes Group located?

Phanes Group is headquartered in Dubai, United Arab Emirates.

How many employees does Phanes Group have?

As of Mar 01, 2026, the latest employee count at Phanes Group is 11 - 50.

Is Phanes Group a funded company?

Phanes Group is a funded company, having raised a total of $67M across 2 funding rounds to date. The company's 1st funding round was a $***** Series A round.

When was the latest funding round of Phanes Group?

Phanes Group's latest funding was a $***** Series B round on Jan 07, 2020, with participation from 0 investor. Its primary sector is Solar Energy. In United Arab Emirates, the Solar Energy sector has seen $1.49B in funding in 2026 to date.

Where does Phanes Group rank among its competitors?

Phanes Group ranks 4th amongst 36 active competitors, of which 2 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Enviromena, which secured $1.12B in Apr, 2026.

Who are the top competitors of Phanes Group?

Phanes Group's top competitors include Enviromena, Yellow Door Energy and BillionE. Among them, Enviromena secured the most recent funding round in April, 2026.

Phanes Group - 2026 Company Profile, Funding & Competitors

Company Details

Phanes Group is a Dubai based solar project development and investment company. Offers services through development, financing to construction, operation, and maintenance of solar projects. Projects include a 67.7MW solar project in Monte Plata, a 23.2MW DP World's solar power programme in Dubai, 60.5MW solar power project in Nigeria and a 10.5MW residential solar project for UK housing association.

Website: phanesgroup.com
Phone Number: +971 **********

Key Metrics

Founded Year

2012

Location

Dubai, United Arab Emirates

Stage

Series B

Total Funding

$67M in 2 rounds

Latest Funding Round

Series B, Jan 07, 2020, $*****

Ranked

4^th among 36 active competitors

Employee Count

11 - 50 as on Mar 01, 2026

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View Phanes Group's full profile

Phanes Group has raised a total funding of $67M over 2 rounds.

Here is the list of recent funding rounds of Phanes Group:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 07, 2020	9323173	Series B	6351514	5440952	8931253	1184266

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View details of Phanes Group's funding rounds and investors

Phanes Group's employee count trend

Phanes Group has 11 - 50 employees as of Mar 26. Here is Phanes Group's employee count trend over the years:

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Top competitors of Phanes Group include Enviromena, Yellow Door Energy and BillionE. Here is the list of Top 10 competitors of Phanes Group, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Enviromena 2007, Dubai (United Arab Emirates), Acquired	Turnkey solar power solutions provider on a large-scale	$79.2M	Arjun Infrastructure Partners, Intesa Sanpaolo ... & 7 others	65/100
2nd	Yellow Door Energy 2015, Dubai (United Arab Emirates), Acquired	Provider of sustainable solar energy solutions for commercial business operations	$465M	Mitsui, IFC & 8 others	55/100
3rd	BillionE 2021, Dubai (United Arab Emirates), Funding Raised	Diverse smart city solutions	-	Saascorp	42/100
4th	Phanes Group 2012, Dubai (United Arab Emirates), Series B	Solar powered project developer and investor	$67M	-	36/100
5th	URB Dubai (United Arab Emirates), Series A	Provider of masterplanning urban design architecture and integrated development services	$10M	Anthill Ventures	28/100
6th	eSunScope 2018, Dubai (United Arab Emirates), Funding Raised	Solar installation, monitoring, and maintenance solution provider	-	In5	26/100
7th	ALEC 1999, Dubai (United Arab Emirates), Unfunded	Developer of solar energy projects	-	-	24/100
8th	Sharaf DG Energy 2014, Dubai (United Arab Emirates), Unfunded	Provider of solar energy solutions and building retrofit services. This includes residential and commercial solar power systems, off-grid solutions, and smart home integration. Building retrofit services encompass energy-efficient lighting upgrades and other home improvement solutions. The company offers design, installation, and post-sale support. Services are tailored to meet diverse needs, from private villas to large-scale industrial projects. Payment plans are available.	-	-	23/100
9th	Dhafrah PV2 Energy Abu Dhabi (United Arab Emirates), Unfunded	Developer of solar energy projects	-	-	23/100
10th	Broaden Energy 2019, Abu Dhabi (United Arab Emirates), Unfunded	Manufacturer of hydrogen generation and refueling systems	-	-	22/100