Yellow Door Energy announced today that it has raised $65 million in Series A financing to scale its investments in solar energy and energy efficiency solutions in the Middle East and Africa.
The investment comes from International Finance Corporation (IFC), Mitsui & Co., Ltd. (Mitsui), Equinor Energy Ventures (Equinor), Arab Petroleum Investments Corporation (APICORP), and UAE-based Adenium Energy Capital (Adenium).
The funding marks an important milestone for Yellow Door Energy, which has doubled its revenue since last year.