Aerem, one of India’s leading end-to-end solar platform, has raised ₹100 crore in a Series A funding round. The investment was led by UTEC (University of Tokyo Edge Capital Partners), a Japan-based $700 million venture firm. The funding will help Aerem accelerate India’s transition to sustainable energy by expanding its reach and enhancing its solar financing and marketplace solutions.
Key Investors and Strategic Backing
Alongside UTEC, the funding round saw participation from British International Investment (BII), SE Ventures (backed by Schneider Electric), and Riverwalk Holdings. Existing investors Blume Ventures and Avaana Capital also contributed. Additionally, Aerem secured debt capital from major financial institutions, including IDFC, AU Small Finance, Axis Bank, Northern Arc, MAS Financials, and Vivriti Capital.
Expanding Distribution and Marketplace Solutions
With this investment, Aerem will scale its distribution network across India while strengthening its presence in existing markets. The company plans to enhance its end-to-end platform by expanding its marketplace and broadening its lending portfolio to meet growing demand. By accelerating tech adoption among stakeholders, Aerem aims to improve accessibility, transparency, and quality across the solar ecosystem.
Advancing Technology and Financing Solutions
The funding will support Aerem’s technology roadmap, enabling the development of innovative financing solutions that make solar energy more accessible. The strategic investment strengthens the company’s ability to drive India’s renewable energy transition while delivering exceptional value to its customers.
Investor Confidence in Aerem’s Leadership
Kiran Mysore, Principal at UTEC, mentioned, “Aerem has seamlessly integrated operational excellence in credit and marketplace dynamics with a cutting-edge solar tech platform leveraging digital twins”.
Siddharth Mehta, Partner at SE Ventures, emphasized, “Aerem’s full-stack platform addresses core friction points for solar installers. We look forward to fueling its expansion and establishing go-to-market partnerships with Schneider Electric and Luminous”.
Abhinav Sinha, Managing Director, BII, highlighted, “Aerem is increasing access to affordable, clean energy, helping small businesses and communities thrive. We eagerly anticipate its expansion and contribution to India’s energy transition”.
Addressing Key Challenges in Solar Adoption
Anand Jain, Founder and CEO of Aerem, added, “From finding the right installer to ensuring quality and securing financing, the ecosystem is fragmented and lacks trust. Our end-to-end solution eliminates these barriers by integrating financing, technical expertise, and supply chain management”.
Empowering Installation Partners
Aerem’s platform is designed to empower solar installation partners, who play a crucial role in local markets. Vikesh Agarwal, Co-Founder and COO, explained, “We provide these entrepreneurs with access to financing, quality equipment, and digital tools. This win-win model scales solar adoption while supporting local businesses. Our vision is to be ‘Aapka Solar Saathi,’ partnering with businesses on their energy independence journey”.
Impact and Future Growth
Aerem has built a nationwide ecosystem of over 2,000 installation partners, minimizing acquisition costs and enabling rapid growth. In just three years, the company has established itself as a leader in India’s distributed solar sector, with a presence in 65 cities.
Key achievements include:
- 800 MW of solar capacity enabled
- Over 800 projects financed
- 22 million tons of CO₂ emissions prevented (equivalent to planting 53 million trees)
- ₹14,000 crore in projected energy cost savings for MSMEs
As per the press release, with consistent month-on-month growth, Aerem continues to drive India’s transition to sustainable energy by making solar adoption seamless, accessible, and affordable for businesses and households across the country.
