Blume Ventures Invests $2.5 Million in Solar Financing Platform Aerem

Mumbai-based solar financing platform, Aerem has raised $2.5 Million in funding in a pre-series round from Blume Ventures, a New Delhi-based capital firm.

The funding money ($2.5 Million) raised will go toward expanding the loan book, developing the technological platform that will enable seamless, end-to-end digital engagement with diverse stakeholders, and hiring teams that include leaders in technology, product, finance, and operations.

Aerem’s founder, Anand Jain, stated: “Aerem is on a mission to democratise rooftop solar adoption and build a better, greener, and sustainable future. Our cutting-edge SolarTech platform includes AAA (Aerem Asset Assurance), which guarantees high-quality rooftop solar systems. When paired with financing from our internal NBFC or partner institutions, this combination significantly lowers MSMEs’ electricity costs. For MSMEs, we provide a completely digital, trouble-free, and smooth experience.”

Aerem has stated it is striving to reach 20 million industrial MSMEs. The company estimated that the market potential for MSME alone is more than $200 billion.

Intending to provide India’s first asset finance and quality platform for solar, the platform is a full-stack solution. Mumbai-headquartered Aerem intends to reduce carbon emissions while also improving MSMEs’ profitability and increasing their competitiveness.

According to Blume Ventures Partner Ashish Fafadia, “Their full-stack solution delivers end-to-end engagement and is one to two years ahead of the market. The macro (top-down) and micro (bottom-up) parameters are perfectly matched for Solar to succeed. For any sector, this is highly uncommon. By 2030, India wants to have 280 GW of solar capacity and to be using renewable energy for 50% of its energy needs.