Solar Financing Platform Aerem Raises $2.5 Mn In Fresh Funding
Aerem, a solar financing platform, has raised $2.5 million in funding led by Blume Ventures.
As per the startup, the raised funds will be used to grow the loan book and build the tech platform to enable end-to-end digital and seamless interaction with various stakeholders. Additionally, the funds will be used for hiring teams, including leadership in technology, product, finance, and operations.
Aerem | Building FinTech for CleanTech
Founded by Anand Jain, Aerem is a revolutionary 360-degree ‘FinTech for CleanTech’ platform that helps businesses and commercial enterprises harness the power of the sun and reduce electricity costs by up to 70%.
The startup is pioneering a full-stack solution to build India’s first asset finance and quality platform for solar energy.
Speaking about the development, Anand Jain, founder of Aerem, said,
“Aerem’s aim is to democratise the adoption of rooftop solar for a better, greener, and sustainable future. Our innovative solar tech platform, including AAA (Aerem Asset Assurance), ensures quality rooftop solar systems. Combined with financing from our in-house NBFCs or partner banks, we enable a reduction in the power bills of MSMEs.”
The startup leverages its widespread installer network and empowers MSME businesses to make a shift to clean energy. With its unique platform, Aerem helps businesses implement high-quality rooftop solar systems, along with quick & easy loans from its in-house NBFC or partner banks.
Commenting on the development, Ashish Fafadia, partner, Blume Ventures, said,
“We are impressed with Anand’s vision and Aerem’s platform approach that includes credit. Their full-stack solution provides end-to-end engagement and is ahead of the market by one-two years.”
Aerem is targeting 20 million industrial MSMEs in India. As per the startup, the expected market potential is over $200 billion in the MSME space alone.
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