Aerem Solutions Bags $15M to Scale Solar for MSMEs and Homes

Mumbai-based Aerem Solutions has raised $15 Mn (INR 137 Cr) in a pre-Series B round led by SMBC Asia Rising Fund. The funds will supercharge its EPC and installer networks, expand nationwide, and drive solar adoption among MSMEs and households.

Existing backers like British International Investment, University of Tokyo Edge Capital Partners, Blume Ventures, Avaana Capital, Riverwalk Holdings, and SE Ventures also joined. Founded in 2021 by Anand Jain and Vikesh Agarwal, Aerem tackles solar financing hurdles through its NBFC arm, NetZero Finance—covering installations for businesses/homeowners, supply-chain support for EPC firms, and a B2B marketplace called SunStore.

Tech and Track Record Stand Out

The startup’s SaaS platform, Aerem Remote Operations Centre, lets users monitor solar setups from one dashboard. It has already enabled 1,200+ MW of solar capacity and financed over 2,000 projects. CEO Jain says the integrated finance-design-procurement-monitoring stack erases the “trust deficit” plaguing the market, empowering EPC partners for nationwide scale.

Building on Momentum

This follows a INR 100 Cr Series A last year, used to grow markets, lending, and tech. Aerem eyes India’s solar market, projected to hit $34.7 Bn by 2033 from $12.4 Bn in 2025—though household adoption lags.

Solar’s Bright Future in India

Aerem’s funding arrives amid a startup surge in solar, from Solnce Spark’s end-to-end installs to Loom Solar’s panels and batteries. By easing financing and tech barriers, Aerem could spark a rooftop revolution, making clean energy accessible and propelling India’s green goals forward.