Aerem Solutions Secures USD 15 Million to Expand Solar Fintech Platform

Aerem Solutions, a fintech solar platform, has raised USD 15 million from investors, including SMBC Asia Rising Fund. This funding will enhance their growth and market presence in India. The company aims to empower EPC partners to deliver national-scale solar projects, CEO Anand Jain stated.

In a significant financial boost, Aerem Solutions, a Mumbai-based fintech company specializing in solar technology, has successfully raised USD 15 million. The funding round saw contributions from an array of investors, notably Japan's SMBC Asia Rising Fund, tied to the prominent Sumitomo Mitsui Banking Corporation.

The investment community's interest didn't stop there. British International Investment, The University of Tokyo Edge Capital Partners, Blume Ventures, Avaana Capital, Riverwalk Holdings, and SE Ventures, the venture arm of Schneider Electric, also committed funds. Aerem Solutions intends to channel these resources towards enhancing growth and solidifying its foothold in the Indian market.

Founder and CEO, Anand Jain emphasized the strategic importance of this capital injection, noting that it provides their EPC partners with necessary tools to implement high-quality, nationwide solar projects. Aerem Solutions continues to pioneer the integration of loans, technology, and services in the renewable energy and fintech sectors.

(With inputs from agencies.)