Aerem Raises ₹100 Crore to Expand Solar Solutions Across India

Aerem, a Mumbai-based clean energy startup, has raised ₹100 crore (approximately $11.7 million) in a Series A funding round led by Japan's University of Tokyo Edge Capital (UTEC), with participation from British International Investment (BII), SE Ventures, and others. The funds will be utilized to expand Aerem's operations across India, enhance its solar financing and marketplace solutions, and improve its technology platform, which supports over 2,000 installation partners. Since its founding in 2021, Aerem has financed over 800 solar projects and enabled more than 800 MW of solar capacity across 65 cities in India. The company aims to simplify the solar installation process for MSMEs and homeowners, addressing the complexities of finding installers and financing options. The investment will also support the development of innovative financing solutions that make solar energy more accessible, further driving India’s renewable energy transition. Aerem's efforts align with addressing the significant market gap in distributed solar adoption in India, which currently lags behind global averages.