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.