Aerem Raises Rs 1 billion to Scale Solar Operations
POWER & RENEWABLE ENERGY

Aerem Raises Rs 1 billion to Scale Solar Operations

Aerem, a Mumbai-based solar technology startup, has raised Rs 1 billion in a Series A funding round led by Japan’s University of Tokyo Edge Capital (UTEC). Other investors include British International Investment, SE Ventures, Riverwalk Holdings, Avaana Capital and Blume Ventures.

Established in 2021 by Anand Jain and Vikesh Agarwal, Aerem provides integrated clean energy solutions through its ecosystem comprising NetZero Finance and SunStore. NetZero Finance, its non-banking financial company, supports customers with affordable finance, while SunStore is a B2B marketplace for solar equipment.

Aerem has enabled over eight hundred megawatts of solar installations across sixty-five Indian cities. With more than two thousand verified solar installers onboarded, the company ensures accessibility and trust for customers.

The newly raised funds will be utilised to expand Aerem’s reach, especially in southern and eastern India, while upgrading its technology platform to offer greater transparency and efficiency.

Aerem aims to solve key pain points for micro, small and medium enterprises and homeowners, who often face difficulties accessing quality solar products and financing.

The company’s integrated platform is aligned with India’s renewable energy goals and supports its transition towards a cleaner and more sustainable future.

Aerem, a Mumbai-based solar technology startup, has raised Rs 1 billion in a Series A funding round led by Japan’s University of Tokyo Edge Capital (UTEC). Other investors include British International Investment, SE Ventures, Riverwalk Holdings, Avaana Capital and Blume Ventures. Established in 2021 by Anand Jain and Vikesh Agarwal, Aerem provides integrated clean energy solutions through its ecosystem comprising NetZero Finance and SunStore. NetZero Finance, its non-banking financial company, supports customers with affordable finance, while SunStore is a B2B marketplace for solar equipment. Aerem has enabled over eight hundred megawatts of solar installations across sixty-five Indian cities. With more than two thousand verified solar installers onboarded, the company ensures accessibility and trust for customers. The newly raised funds will be utilised to expand Aerem’s reach, especially in southern and eastern India, while upgrading its technology platform to offer greater transparency and efficiency. Aerem aims to solve key pain points for micro, small and medium enterprises and homeowners, who often face difficulties accessing quality solar products and financing. The company’s integrated platform is aligned with India’s renewable energy goals and supports its transition towards a cleaner and more sustainable future.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?