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Solar Financing Startup Aerem Bags INR 100 Cr

  • Solar financing startup Aerem has raised INR 100 Cr ($12 Mn) in a Series A funding round led by University of Tokyo Edge Capital Partners.
  • The funding round also included participation from British International Investment, SE Ventures, Riverwalk Holdings, Blume Ventures, and Avaana Capital.
  • Aerem will use the funds to expand its presence, enhance its lending portfolio, and develop its solar marketplace's technology stack.
  • The Mumbai-based startup provides loans for solar installations, offers supply chain financing solutions, and operates a B2B marketplace for solar equipment called SunStore.

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