- Aerem raises ₹100 crore to expand rooftop solar adoption for India’s MSMEs.
- Offers financing, marketplace, and installer support via a full-stack platform.
- Claims 800+ projects across 65 cities, with ₹175 crore in revenue and major climate impact.
In a nation where solar energy often skips the smallest rooftops, Mumbai-based Aerem is flipping the scene. The clean energy startup has secured ₹100 crore ($11.7M) in a Series A round led by Japan’s UTEC, with participation from British International Investment, SE Ventures, Riverwalk Holdings, and repeat backers Blume Ventures and Avaana Capital.
Aerem was founded in 2021 by Anand Jain and Vikesh Agarwal. It is building what they call “Aapka Solar Saathi.”
The platform simplifies solar adoption for India’s overlooked MSMEs through a three-pronged approach:
- solar loans via its NBFC NetZero Finance
- a curated marketplace called SunStore
- a robust network of 2,000+ installers
With over 800 projects across 65 cities and ₹175 crore in FY24 revenue, Aerem is proving that energy independence isn't just for the big players.
The company claims its deployments have cut 22 million tonnes of CO₂—equivalent to planting 53 million trees.
"Getting a solar installation is complex,” says Jain.
Aerem’s bet? Make it simple enough, and even the smallest rooftop becomes a source of power: economic and environmental.
Edited by Harshajit Sarmah
