Aerem acquires Spinkraft


Aerem Solutions, a solar fintech company in India, has entered into a definitive agreement to acquire Spinkraft Ventures, a solar equipment distributor.

Spinkraft Ventures was founded in 2021 by Pravesh Bhargava, Ajay Patel and Acharan Chandel.

“With Spinkraft’s abilities in the sales and distribution of solar products, Aerem will be able to provide complete solution to its customers at competitive prices. Spinkraft gets access to Aerem solar platform, capital for growth, and well-structured processes and systems to scale. Solar customers will benefit from Aerem’s one-roof approach, where solar EPCs and customers can get access to solar tech software tools, customised financing solutions, and quality solar procurement,” stated Aerem.

Aerem Solutions is a comprehensive solar solutions provider in India. Its platform empowers EPCs and businesses to implement rooftop solar with quick and easy loans from its in-house NBFC, procurement through its marketplace, and tech products enabling a seamless experience. Its wholly owned subsidiary, NetZero Finance, is a solar-focused NBFC. Aerem is backed by equity venture capital firms such as Blume Ventures, Avaana Capital and Riverwalk Holdings.



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