Aerem Solutions raises $15 Mn in pre-Series B round

Aerem Solutions, a Solar financing startup, has secured $15 million (around INR 137 Cr) in its pre-Series B funding round led by Sumitomo Mitsui Banking Corporation’s VC arm SMBC Asia Rising Fund.

Existing investors British International Investment (BII), The University of Tokyo Edge Capital Partners (UTEC), Blume Ventures, Avaana Capital, Riverwalk Holdings, and Schneider Electric’s venture arm SE Ventures, also participated in this round.

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The company plans to use the funding to expand its EPC (engineering, procurement, and construction) and installer partner network, grow its presence across India, and boost adoption among MSMEs and households.

“By integrating finance, design, procurement and monitoring into a single digital infrastructure, we are removing the ‘trust deficit’ that has historically fragmented the market. This funding enables us to provide the tools our EPC partners need to execute high-quality projects at national scale,” said Anand Jain, Founder and CEO of Aerem Solutions.

About Aerem Solutions

Founded in 2021 by Anand Jain and Vikesh Agarwal, Aerem provides financing solutions for solar installations to businesses and homeowners and supports solar equipment and EPC companies through supply-chain financing via its NBFC arm, NetZero Finance.

The startup also runs a B2B solar equipment marketplace, SunStore, helping customers source products at competitive prices. Additionally, Aerem offers a SaaS platform, Aerem Remote Operations Centre, which lets users monitor their entire solar installation from a single dashboard.

So far, Aerem has enabled over 1,200 MW of solar capacity and financed more than 2,000 solar projects across India.

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