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.”
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.