Phanes Group - About the company
Phanes Group is a series B company based in Dubai (United Arab Emirates), founded in 2012. It operates as a Solar powered project developer and investor. Phanes Group has raised $67M in funding. The company has 34 active competitors, including 3 funded and 2 that have exited. Its top competitors include companies like Enviromena, Masdar and Yellow Door Energy.
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
Ranked
5th among 34 active competitors
Employee Count
20 as on Jul 01, 2024
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Phanes Group's funding and investors
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 | 7739423 | Series B | 8247161 | 4725780 | 6496453 | 3663386 |
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Phanes Group's founders and board of directors
Founder? Claim ProfilePhanes Group's employee count trend
Phanes Group has 20 employees as of Jul 24. Here is Phanes Group's employee count trend over the years:
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Phanes Group's Competitors and alternates
Top competitors of Phanes Group include Enviromena, Masdar and Yellow Door Energy. Here is the list of Top 10 competitors of Phanes Group, ranked by Tracxn score:
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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 | 69/100 | |
2nd |  Masdar 2006, Abu Dhabi (United Arab Emirates), Seed | Provider of project development of utility scale solar power plants | - | 64/100 | |
3rd |  Yellow Door Energy 2015, Dubai (United Arab Emirates), Acquired | Developer of solar energy projects | $465M | 61/100 | |
4th | BillionE 2021, Dubai (United Arab Emirates), Funding Raised | Diverse smart city solutions | - | 42/100 | |
5th | Phanes Group 2012, Dubai (United Arab Emirates), Series B | Solar powered project developer and investor | $67M | - | 39/100 |
6th | Broaden Energy 2019, Abu Dhabi (United Arab Emirates), Unfunded | Manufacturer of hydrogen generation and refueling systems | - | - | 35/100 |
7th |  URB Dubai (United Arab Emirates), Series A | Provider of solar panel installation services | $10M | 28/100 | |
8th |  eSunScope 2018, Dubai (United Arab Emirates), Funding Raised | Solar installation, monitoring, and maintenance solution provider | - | 26/100 | |
9th |  ALEC 1999, Dubai (United Arab Emirates), Unfunded | Developer of solar energy projects | - | - | 21/100 |
10th |  Smart Sustainable Services 2018, Dubai (United Arab Emirates), Unfunded | Manufacturer of solar powered products | - | - | 20/100 |
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Phanes Group's Investments and acquisitions
Phanes Group has made no investments or acquisitions yet.
Reports related to Phanes Group
Here is the latest report on Phanes Group's sector:
News related to Phanes Group
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One of Malawi’s first solar energy project reaches financial closeAfrica Business Communities•Dec 20, 2019•Phanes Group, responsAbility
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Huawei and Phanes Group Power the Largest Distributed Solar Project in the UAEMedianet•Oct 24, 2019•Phanes Group, Huawei, DP World
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Solar Power Services Provider, Phanes Group Seeks Promising Projects in Sub-Saharan AfricaFootprin2Africa•Aug 08, 2019•Phanes Group
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MENA’s largest solar C&I project: An O&M challengepv magazine•Jul 05, 2018•Phanes Group, Oryx Solar Energy
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