Total amount raised
$7.5 Million
Latest funding date
3/1/2023
Location
Aerem has successfully raised funding through five rounds, with backing from 13 investors, including British International Investment and SE Ventures. The company offers a platform that provides financing, procurement, and management solutions for solar energy needs.
Keep reading to explore the intricacies of Aerem's fundraising journey and the investors backing this innovative platform.
What Is Aerem?
Aerem Solutions Private Limited is a comprehensive platform for solar solutions based in Mumbai, Maharashtra, India. The company operates in the finance, fintech, renewable energy, and solar industries, providing services such as rooftop solar loans, solar equipment procurement, and solar performance monitoring.
Founded to address the growing need for sustainable energy solutions, Aerem has between 101-250 employees. The company has successfully raised funding through multiple rounds, with the latest being a Series A round. Aerem's innovative platform integrates financing, procurement, and management solutions to support the adoption of solar energy in India.
How Much Funding Has Aerem Raised?
- Seed Round
- Amount Raised: $2,500,000
- Date: July 2022
- Lead Investors: Blume Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's initial growth and development efforts in promoting solar energy solutions.
- Seed Round
- Amount Raised: $3,500,000
- Date: March 2023
- Lead Investors: Avaana Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Aerem's suite of solartech and financing solutions and build an ecosystem for rooftop solar projects.
- Debt Financing
- Amount Raised: $1,500,000
- Date: March 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the expansion of Aerem's financing solutions for solar projects.
- Series A
- Amount Raised: $12,500,000
- Date: April 2025
- Lead Investors: UTEC - The University of Tokyo Edge Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive Aerem's mission of unlocking India's vast distributed solar potential.
- Debt Financing
- Amount Raised: Not publicly disclosed
- Date: April 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further support Aerem's financing solutions for solar projects.
Total Amount Raised: $19,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- UTEC - The University of Tokyo Edge Capital Partners
- Details: UTEC is a venture capital firm associated with the University of Tokyo. It led a Series A funding round for Aerem, contributing to a total of ₹100 crore raised.
- Investment Focus Areas: Innovative technologies, startups, academic research and development.
- Notable Investments: Aerem.
- Avaana Capital
- Details: Avaana Capital is a climate-tech investor that led the $5 million Pre-Series A funding round for Aerem. Anjali Bansal is the Founding Partner of Avaana Capital.
- Investment Focus Areas: Climate-tech, sustainability, renewable energy.
- Notable Investments: Aerem.
- Blume Ventures
- Details: Blume Ventures is a venture capital firm that participated in both the Pre-Series A and Series A funding rounds for Aerem. The firm invests in early-stage startups across various sectors.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Aerem.
- British International Investment (BII)
- Details: British International Investment is the UK's development finance institution. It aims to support economic development and job creation in developing countries.
- Investment Focus Areas: Infrastructure, financial services, renewable energy.
- Notable Investments: Not publicly disclosed.
- SE Ventures
- Details: SE Ventures is a venture capital firm backed by Schneider Electric. It focuses on investing in innovative startups that align with Schneider Electric's mission.
- Investment Focus Areas: Energy management, automation, sustainability.
- Notable Investments: Not publicly disclosed.
What's Next for Aerem?
As Aerem looks to the future, the opportunities are vast. With India's ambitious target of achieving 300 GW of solar energy capacity by 2030, Aerem is well-positioned to capitalize on this growing market. The company aims to expand its suite of solar technology and financing solutions, providing end-to-end support for rooftop solar projects. This includes leveraging partnerships with financial institutions and EPC companies to create a comprehensive ecosystem for solar adoption.
Future fundraising opportunities appear promising, given the recent successful funding rounds. Aerem is likely to attract further investment to scale its operations and enhance its technology platform. The company may also explore strategic partnerships or acquisitions to bolster its market presence and service offerings.
However, challenges remain. Navigating regulatory changes, ensuring the quality of installations, and competing with other solar technology platforms are potential hurdles. Despite these challenges, Aerem's commitment to democratizing solar energy adoption and its strong financial backing position it well for continued growth and success in the renewable energy sector.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Aerem and gather other critical business insights. Sign up for free to start unlocking valuable information today.
