Solartech startup Aerem, which aims to simplify solar adoption for businesses and households, has raised ₹100 crore in its Series A funding round, led by UTEC (University of Tokyo Edge Capital Partners), a Japan-based venture firm with a $700 million portfolio. The funds will help accelerate the company’s expansion across India and improve its solar financing and marketplace solutions.
Other key investors in the round include British International Investment (BII), the UK’s development finance institution and impact investor; SE Ventures, the $1 billion+ climate and industrial tech fund supported by Schneider Electric; and Riverwalk Holdings, an early-stage venture fund focused on innovative fintech companies. Existing investors Blume Ventures and Avaana Capital also contributed to the round. This strategic equity investment of ₹100 crore is in addition to debt capital secured from prominent financial institutions, including IDFC, AU Small Finance, Axis Bank, Northern Arc, MAS Financials, and Vivriti Capital.
The Series A funding will drive the solartech startup’s distribution growth across India and enhance its presence in existing markets. It will also facilitate the expansion of its end-to-end platform, scaling its marketplace operations and broadening its lending portfolio to meet the growing demand.
Moreover, the investment will drive advancements in the company’s technology roadmap and support the creation of innovative financing solutions, furthering its goal of making solar energy more accessible.
Anand Jain, Founder and CEO of Aerem, said, “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, a massive trust deficit exists throughout the fragmented ecosystem. Conventional approaches treat financing, technical complexity, and supply chain barriers as separate challenges. We recognize these as interlocking parts of one ecosystem failure. Our end-to-end solution addresses the entire value chain, eliminating barriers to solar adoption.”
“Our installation partners are the backbone of our ecosystem. These solar entrepreneurs understand local markets, maintain customer relationships, and provide on-ground implementation. Our platform empowers them with access to financing, quality equipment, and digital tools they would not otherwise have—creating a win-win model that scales solar adoption while supporting local businesses. Our vision goes beyond just providing solar solutions—we are building a true institution as ‘Aapka Solar Saathi’, which partners with businesses throughout their energy independence journey,” said Vikesh Agrawal, Co-Founder and COO of Aerem.
Additionally, the investment will accelerate advancements in the solartech startup’s technology roadmap and help develop innovative financing solutions, advancing its mission to make solar energy more accessible.
With this significant capital infusion, the solartech startup looks forward to strengthening its leadership in the solar energy sector, driving innovation, and offering more accessible solar solutions to businesses and households across India. The strategic focus on expanding its platform and enhancing its financing options ensures that Aerem will continue to play a crucial role in the nation’s transition to sustainable energy.
