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.