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Economic Times

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Image Credit: Economic Times

Solartech startup Aerem raises Rs 100 crore in round led by Japan-based UTEC

  • Solartech startup Aerem has raised Rs 100 crore in a funding round led by Japan-based venture fund UTEC.
  • The funds will be used for expanding operations across India, improving solar financing and marketplace solutions, strengthening the end-to-end platform, and diversifying the lending portfolio.
  • Aerem has facilitated setting up over 800 MW of solar capacity across India, financed more than 800 projects, and established a network of over 2,000 installation partners.
  • The company plans to expand into eastern and southern India, enabling solar adoption while supporting local businesses.

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