Yellow Door Energy Funding, Investors & Competitors

Yellow Door Energy has raised $473M across 2 funding rounds, most recently a $408M undisclosed-stage round in October 2022.

Last Yellow Door Energy funding round

$408M

Undisclosed stage · Oct 2022

Cumulative funding Yellow Door Energy raised

$473M

across 2 funding rounds

Key investors in Yellow Door Energy

  • International Finance Corporation
  • Mitsui & Co
  • The Arab Energy Fund
  • Actis
  • Equinor
  • Adenium Energy Capital

Yellow Door Energy Overview

About Yellow Door Energy

Yellow Door Energy is a Dubai-headquartered solar developer delivering rooftop and ground-mounted PV systems for commercial clients in the Middle East and Africa. Since 2014, it has deployed over 200 MW across 15 countries including UAE, Egypt, and South Africa. Clients like Unilever and Coca-Cola pay monthly tariffs post-installation, with the firm handling design, financing, operations, and maintenance under long-term power purchase agreements.


Founded

2015

HQ

UAEDubai

Status

Privately held

Customer focus

B2B

Revenue model

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Yellow Door Energy Funding History

Yellow Door Energy has raised a total of $473M across 2 funding rounds.

Yellow Door Energy's first fundraising round was a $65M Series A in January 2019. The most recent completed round was a $408M undisclosed-stage round in October 2022.

Yellow Door Energy funding rounds

Yellow Door Energy funding rounds
DateStageInvestorsRaisedDeal Summary
Oct 2022Undisclosed stageActis; International Finance Corporation; The Arab Energy Fund; Mitsui & Co$408MYellow Door Energy is a renewable energy company based in Dubai, UAE, focused on solar power solutions with 101-200 employees. It has raised approximately $427.2M in total funding across 2 rounds, including a $400M round on 2022-11-12 matching the approximate date and a later $27.2M round in 2024-12-13.
Jan 2019Series AInternational Finance Corporation (lead); Equinor; The Arab Energy Fund; Adenium Energy Capital; Mitsui & Co$65MYellow Door Energy is a UAE-based solar developer providing renewable energy solutions to commercial and industrial customers in the Middle East and South Asia, focusing on solar leasing to reduce energy costs, improve reliability, and lower emissions. Shareholders include International Finance Corporation (IFC), Mitsui, Equinor, and APICORP. Yellow Door Energy's model involves financing, building, owning, operating, and maintaining solar installations for clients, enabling zero-upfront-cost adoption of clean energy. In January 2019, the company raised $65 million in Series A financing led by IFC, with participation from Adenium Energy Capital, Equinor, Mitsui & Co, and The Arab Energy Fund (also known as APICORP), to scale solar investments across the Middle East and Africa. The funding supported expansion of rooftop solar projects, aligning with regional sustainability goals. Subsequent activities include partnerships like with EMSTEEL for 31.5 MWp across 40 roofs in Abu Dhabi starting 2025, and powering Chalhoub Group's Riyadh hub, demonstrating ongoing growth. The company marked a decade by 2024, delivering 1 billion kWh of clean energy, equivalent to charging 273 million smartphones yearly and cutting 396,000 metric tons of CO2.

Who has invested in Yellow Door Energy?

6 investors have backed Yellow Door Energy across its funding rounds, including International Finance Corporation, Mitsui & Co, The Arab Energy Fund, Actis, Equinor and Adenium Energy Capital.

Lead investors include International Finance Corporation.


Yellow Door Energy Investors

Investors in Yellow Door Energy by funding rounds participated
InvestorHQRoundsRoleFirst check
International Finance CorporationUnited StatesWashington, DC2LeadJan 2019
The Arab Energy FundSaudi ArabiaDammam2ParticipantJan 2019
Mitsui & CoJapanTokyo2ParticipantJan 2019
EquinorNorwayStavanger1ParticipantJan 2019

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Yellow Door Energy Competitors

Yellow Door Energy competitors include listed companies like GE Vernova, Enbridge, Williams Companies and Enterprise Products, and private ones like Base Power and Lancium Technologies.

Public and private companies comparable to Yellow Door Energy
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
GE VernovaUnited StatesUnited StatesPublicly listed$38B$3.2B$246B5.4x
EnbridgeCanadaCanadaPublicly listed$47B$15B$109B3.6x
Williams CompaniesUnited StatesUnited StatesPublicly listed$12B$7.4B$88B9.8x
Enterprise ProductsUnited StatesUnited StatesPublicly listed$53B$9.6B$83B1.9x
Base PowerUnited StatesAustin, TXPrivate--$13B-
Lancium TechnologiesUnited StatesHouston, TXPrivate--$10B-

Yellow Door Energy Public Comps

Yellow Door Energy is still privately-owned, but its public comps include GE Vernova, Reliance Industries, Iberdrola, Siemens Energy, Enbridge, China Yangtze Power, Constellation Energy, Quanta Services, Williams Companies and Enterprise Products.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
GE Vernova$38B$3.2B6.2x5.4x73.5x43.5x
Reliance Industries$110B$20B1.9x1.7x10.4x10.3x
Iberdrola$51B$17B4.4x4.3x13.2x11.8x
Siemens Energy$45B$4.5B2.7x2.4x27.3x16.1x
Enbridge$47B$15B4.2x3.6x13.3x13.3x
China Yangtze Power$13B$11B11.4x11.3x13.9x14.4x
Constellation Energy$26B$5B4.6x3.8x23.5x15.3x
Quanta Services$28B$2.5B3.5x2.7x38.8x26.3x

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Common questions about Yellow Door Energy

When was Yellow Door Energy founded?Yellow Door Energy was founded in 2015.
Where is Yellow Door Energy headquartered?Yellow Door Energy is headquartered in Dubai, UAE.
Is Yellow Door Energy publicly listed?No, Yellow Door Energy is a private, VC-backed company.
How much funding has Yellow Door Energy raised?Yellow Door Energy has raised $473M across 2 funding rounds.
What was Yellow Door Energy's last funding round?Yellow Door Energy's last funding round was a $408M undisclosed-stage round in October 2022.
Who are Yellow Door Energy's investors?Yellow Door Energy's investors include International Finance Corporation, The Arab Energy Fund, Mitsui & Co, Equinor, Actis and Adenium Energy Capital.
Which companies are comparable to Yellow Door Energy?Companies comparable to Yellow Door Energy include GE Vernova, Enbridge, Williams Companies, Enterprise Products, Base Power and Lancium Technologies.

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