Solar financing platform Aerem has raised $2.5 million in funding led by Blume Ventures.
Aerem is pioneering a full-stack solution to build India’s first asset finance and quality platform for solar energy.
The capital will be used for growing the loan book, building the tech platform to enable end-to-end digital and seamless interaction with various stakeholders, and hiring teams, including leadership in technology, product, finance, and operations.
Aerem’s platform addresses the bottlenecks in the adoption of rooftop solar for MSMEs. The startup services a highly-scalable space.
Aerem’s aim is to democratize the adoption of rooftop solar for a better, greener, and sustainable future
Aerem, founded in 2001 by Jain, has had an impact on mitigating carbon emissions and led to increased profitability of MSMEs, making them more competitive. It is targeting 20 million industrial MSMEs in India. The expected market potential is over $200 billion just in the MSME space.
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