Aerem raises funding of $2.5 million in its Pre-Series A round from Blume Ventures
- ByStartupStory | July 11, 2022
Aerem, a company that finances solar panels, has received $2.5 million from Blume Ventures as part of its pre-series A fundraising round. The business intends to utilise the money to expand its client base, enhance its platform, and add more staff for its operations, finance, technology, and product divisions.
Its platform lowers obstacles to rooftop solar adoption for MSMEs and caters to a highly scalable market. The firm said that it is targeting India’s $200 billion MSMEs sector, which has 20 million of them. Aerem is a ground-breaking 360-degree “FinTech for CleanTech” platform that assists companies and commercial enterprises in harnessing solar energy and slashing their electricity expenses by up to 70%.
Aerem’s founder Anand Jain stated, “Aerem’s mission is to democratise rooftop solar adoption for a better, more environmentally friendly, and sustainable future. Quality rooftop solar systems are guaranteed by our cutting-edge solar technology platform, which includes AAA (Aerem Asset Assurance). We enable a decrease in the electricity costs of MSMEs when paired with financing from our in-house NBFCs or partner banks.”
Blume Ventures partner Ashish Fafadia said, “We are pleased by Anand’s vision and Aerem’s credit-inclusive platform strategy. Their full-stack solution enables end-to-end engagement and is one to two years ahead of the market.”
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About Aerem:
Anand Jain launched the Mumbai-based Aerem in 2020, and it is now developing a full-stack solution to provide India’s first asset finance and quality platform for solar energy. Customers can apply for loans using a digital platform provided by partner banks and internal non-bank financial enterprises of Aerem.
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