April 7, 2025: Aerem, a platform for solar – rooftop solar financing, equipment marketplace and monitoring solution has raised Rs 100 crore in a Series A funding round to accelerate its expansion plans in India and to upgrade its solar financing and marketplace solutions. Furthermore, the firm intends to invest in product development.
“Getting a solar installation is complex for an Indian MSME or homeowner. From finding the right installer to the right price, right quality, and right financing, there exists a massive trust deficit throughout the fragmented ecosystem,” Aerem Founder and CEO Anand Jain said. He added “Our end-to-end solution addresses the entire value chain, eliminating barriers to solar adoption.”
Aerem to Simplify Solar Financing and Boost Adoption
To Tackle Post-Harvest Loss Aerem enables the installation of solar projects through a partner network and also provides access to finance. Founded in 2021, the solar energy financing startup has created an ecosystem of over 2,000 installation partners with a presence in 65 cities.
The solar energy financing, and monitoring startup stated that it has enabled 800 MW of solar capacity and financed an equal number of projects. Aerem claimed its solar installations are projected to save Rs 14,000 crore in energy costs for MSMEs over their lifetime.
UTEC Principal Kiran Mysore commented, “Aerem is at the forefront of India’s rooftop solar revolution, with a founding team that has played a pivotal role in the country’s solar ecosystem evolution, from utility-scale solar adoption in 2010 to a decentralized rooftop solar boom in 2020.”
The solar energy startup addresses key points of friction hindering the adoption of rooftop solar through a digital lending platform, an online B2B marketplace combined with a comprehensive suite of SolarTech tools for the ecosystem.
The funding round was led by UTEC (University of Tokyo Edge Capital Partners), a Japan-based venture firm. The other participating investors in this round included British International Investment (BII), SE Ventures, Riverwalk Holdings, Blume Ventures, and Avaana Capital.
