Aerem, an Indian platform focused on simplifying solar adoption, has secured $15.0M in a recent funding round. This investment marks a significant step for the company as it continues to expand its comprehensive solutions for Micro, Small, and Medium Enterprises (MSMEs) and homeowners across the country, aiming to make renewable energy accessible and affordable.
The company operates an end-to-end platform designed to address every friction point in solar adoption. This includes assisting customers with finding suitable installers, ensuring competitive pricing, providing quality equipment, and offering crucial financing options. Aerem distinguishes itself by operating India's only RBI-licensed solar-focused Non-Banking Financial Company (NBFC), which provides tailored financial products, and the SunStore, a B2B marketplace that seamlessly connects OEMs, distributors, and installation partners. Its integrated digital platform allows customers to manage their entire solar journey, from initial setup to realizing significant electricity cost savings, often up to 80%. This holistic approach is central to its value proposition.
The newly raised capital will be strategically deployed to scale Aerem's operations, enhance its integrated digital platform capabilities, and further expand its unique financing solutions, particularly for MSMEs. This funding is expected to strengthen the company's market position, accelerate its mission to empower more businesses and homeowners to harness solar energy efficiently, and drive greater adoption of sustainable energy solutions across India.
Aerem is dedicated to transforming India's solar energy landscape by making solar adoption simple and beneficial. With this latest funding, the company is well-positioned to continue its growth trajectory, supporting local solar entrepreneurs and delivering substantial economic and environmental benefits through widespread solar adoption.
