Mumbai-based solar financing platform Aerem has raised $2.5 million in a funding round led by Blume Ventures. The startup provides loans to MSMEs for the installation of rooftop solar assets. It will use the funds raised to grow its loan book, build the technology platform for end-to-end digital and seamless interaction with various stakeholders, and expand its teams across technology, product, finance, and operations.
Aerem works with a strong network of solar installers to provide their MSME customers with collateral-free loans at a lower interest rate.
Anand Jain, founder of Aerem, said, “Our innovative SolarTech platform includes AAA (Aerem Asset Assurance) ensures quality rooftop solar systems, which combined with financing from our in-house NBFC or partner banks enable a significant reduction in power bills of MSMEs. We offer a fully digitalized, hassle-free, and seamless experience to MSMEs.”
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