Total amount raised
$34.2M
Latest funding date
2026-01-20
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.
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 in 2021 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 Pre-Series B round announced in January 2026. 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?
- Pre-Series A Round
- Amount Raised: $2,500,000
- Date: July 2022
- Lead Investors: Blume Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To grow the loan book, build out the technology platform, and hire across technology, product, finance, and operations.
- Pre-Series A Round (Equity + Debt)
- Amount Raised: $5,000,000 (approximately $3,500,000 equity + $1,500,000 debt)
- Date: March 2023
- Lead Investors: Avaana Capital; Blume Ventures (follow-on)
- 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.
- Series A
- Amount Raised: ₹100 crore (~$11,700,000)
- 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, expand market presence, enhance solar financing and marketplace solutions, and build out the technology stack.
- Pre-Series B
- Amount Raised: $15,000,000 (₹136 crore)
- Date: January 2026
- Lead Investors: SMBC Asia Rising Fund (venture capital arm of Sumitomo Mitsui Banking Corporation)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen end-to-end capabilities, expand the installer and EPC partner network, and scale operations and distributed solar financing across India.
Total Amount Raised: At least $34,200,000 based on disclosed funding rounds. Current Valuation: Not publicly disclosed.
Key Investors
- SMBC Asia Rising Fund
- Details: SMBC Asia Rising Fund is the venture capital arm of Sumitomo Mitsui Banking Corporation, one of Japan's largest banks. It led the Pre-Series B round for Aerem in January 2026.
- Investment Focus Areas: High-growth technology and innovation companies across Asia.
- Notable Investments: Aerem.
- UTEC – The University of Tokyo Edge Capital Partners
- Details: UTEC is a Japan-based $700 million venture capital firm associated with the University of Tokyo. It led the Series A round for Aerem in April 2025 and participated in the Pre-Series B round.
- 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 in March 2023. Anjali Bansal is the Founding Partner of Avaana Capital. It also participated in the Series A and Pre-Series B rounds.
- Investment Focus Areas: Climate-tech, sustainability, renewable energy.
- Notable Investments: Aerem.
- Blume Ventures
- Details: Blume Ventures is a venture capital firm that led the initial Pre-Series A round in July 2022 and has continued to participate in subsequent rounds including the Series A and Pre-Series B.
- 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 participated in both the Series A and Pre-Series B rounds for Aerem.
- Investment Focus Areas: Infrastructure, financial services, renewable energy.
- Notable Investments: Aerem.
- SE Ventures
- Details: SE Ventures is a $1 billion+ venture capital fund backed by Schneider Electric focused on climate and industrial tech. It participated in Aerem's Series A and Pre-Series B rounds.
- Investment Focus Areas: Energy management, automation, sustainability.
- Notable Investments: Aerem.
- Riverwalk Holdings
- Details: Riverwalk Holdings is an early-stage venture fund headquartered in Gurugram, India, with a portfolio of over 50 companies. It participated in Aerem's Series A and Pre-Series B rounds.
- Investment Focus Areas: Enterprise applications, fintech, retail, consumer technology.
- Notable Investments: Aerem, Spotdraft, Cashfree Payments.
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.
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