Aerem is a Mumbai-based solar energy startup, revolutionizing solar energy adoption in India. The company is making rooftop solar easier to adopt by offering a digital platform, an online B2B marketplace, and a full set of solar tech tools.
The startup raised a whopping ₹100 crore in a Series A funding round led by UTEC (UTEC – The University of Tokyo Edge Capital Partners), a Japan based venture firm. The participants in the investment round are British International Investment, SE Ventures, Riverwalk Holdings, Blume Ventures, and Avaana Capital.
The funds raised will be utilized for expanding the operations of the company all over India. Investing in product development, marketplace solutions, and solar finances. Indian MSMEs and households face problems in adopting solar installations. Hence, Aerem aims to address these complexities by providing end-to-end solutions.
Founded by Anand Jain and co-founded by Vikesh Agrawal, Aerem is on a mission to accelerate the adoption of solar energy in India. The approach can reduce electricity bills by up to 80%.
India’s solar energy market is rapidly growing. Governments and private institutions are showing keen interest in the adoption of renewable energy and taking steps towards sustainability. The projected market for solar energy will reach $24 billion by 2030.
All it takes is one step towards sustainability and a greener environment. Not only the environment but also our future generations will greatly benefit from the initiatives we take today. Aerem is making a great impact in integrating solar energy in Indian households and MSMEs.
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