Aerem

Aerem

Solar financing, equipment and monitoring solutions provider

Founded

2020

Headquarters

Mumbai (India)

Status

Series A

Company Details

Website

Socials

Email

Phone

+91 9875756060

Aerem is a climate-tech company operating at the intersection of solar energy, fintech and cleantech, with a razor-sharp focus on helping India’s MSME sector transition to renewable energy. In a clean energy space that’s heading toward $1.3 trillion globally, Aerem’s play might seem niche but its role is pivotal. Aerem has built a full ecosystem from financing and technology to post-installation support. It helps MSMEs evaluate installers, secure funding, track installations and receive ongoing assistance. In doing so. Its unique value proposition is to  make clean energy not just affordable but doable for India's underserved business sector.

Core Products and Services

  • Solar Financing Designed for MSMEs: Aerem understands how cash-strapped many small businesses can be. That’s why it provides solar-specific loans that are flexible and designed to suit different financial situations. Instead of large upfront costs, businesses can pay over time without eating into working capital.
  • A Tech Platform : Navigating the solar world is overwhelming—quotes, installers, equipment quality, subsidy eligibility. Aerem’s platform cuts through the clutter. It helps business owners compare solar providers, apply for loans and monitor progress—all from one place.
  • A Trusted Network of Solar Installers: Instead of businesses scrambling to find someone reliable, Aerem brings the right partners to them. It works with a verified list of solar installers across the country, ensuring consistent service and quality.

Business Model & Revenue Streams

  • Loan Interest Income: Aerem earns from the interest charged on its solar loans, which are structured specifically for MSMEs. These loans are affordable, often lower-risk and build long-term relationships with customers.
  • Platform-Based Commissions: The digital platform connects MSMEs with installers and service providers. Each successful match generates commission income for Aerem, creating a steady stream of revenue with scale.
  • Value-Added Services: Think maintenance packages, monitoring tools, insurance and extended warranties. These optional services come with a fee, which adds to Aerem’s revenue while giving users more peace of mind.

Key People

Anand Jain

Vikesh Agrawal

Mani SVS

Hardik Desai

Key Metrics

Total Equity Funding

$32.9 Million

No. of Funding Rounds

10

Latest Funding Round

$11.7 Million, Series A

as of April 4, 2025

Post Money Valuation

$42.8 Million

as of January 14, 2025

Funding Multiple

2.02

as of November 30, 2024

Investors

Blume Ventures

and 3 more

Employee Count

114

Similar Companies

Fibe

Exit Details

N/A

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
April 4, 2025Series A$11.7 Million$42.8 Million-- Avaana Capital Advisors, UTEC, British International Investment, SE Ventures, Riverwalk Holdings, Blume Ventures
November 30, 2024Series A$11.8 Million$42.8 Million-- UTEC, Avaana Capital Advisors, British International Investment, Riverwalk Holdings, Blume Ventures, SE Ventures
March 30, 2024 Seed$1.2 Million$35.6 Million$21.3 Million1.6xBlume Ventures
March 8, 2023Seed$5 Million-$267 K- Avaana Capital Advisors, First Port Capital, Blume Ventures, Riverwalk Holdings, Alteria Capital
October 11, 2022Seed$182 K$12.6 Million$251 K- Anchorage Capital Partners
March 30, 2022 Seed$2.5 Million$9 Million$229 K- Blume Ventures
March 7, 2020 Seed$500 K$6.3 Million$2.3 K- Rains Holdings
January 27, 2020 Seed$14 K$175 K$2 K- Agami Ventures

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