Aerem

Aerem, operating under the legal name AEREM SOLUTIONS PRIVATE LIMITED, was established to address the critical financing gap within India's solar energy sector. The company was founded in 2021 by Anand Jain, a former investment banker with experience at Lehman Brothers and Nomura. Jain's background in finance, coupled with a desire to contribute to the climate-tech space, directly influenced Aerem's mission to make solar energy more accessible and affordable for Micro, Small, and Medium Enterprises (MSMEs) across India.

The core of Aerem's business is its solar financing platform, which connects MSMEs seeking to install rooftop solar systems with a network of financial lenders. This model positions Aerem as a crucial intermediary, facilitating the flow of capital into a traditionally underserved market segment. The company operates in the climate-tech and fintech sectors, specifically targeting the burgeoning demand for renewable energy solutions among Indian businesses. Its revenue is generated through fees associated with the financing and services it facilitates on its platform.

Aerem's primary offering is a technology-enabled platform called "Aerem CAP" that streamlines the entire solar loan process for both installers and the MSMEs they serve. For installers, the platform provides tools for generating instant solar proposals and managing the loan application process, significantly reducing the time and complexity involved. For MSMEs, Aerem provides access to competitive financing options that might otherwise be unavailable, enabling them to transition to solar power with minimal upfront investment. This approach not only lowers energy costs for businesses but also contributes to India's broader renewable energy goals. The company has successfully onboarded over 2,500 installers and facilitated solar installations in more than 170 cities.

The company has achieved significant milestones, including securing $2.5 million in a pre-Series A funding round in 2022, led by Blume Ventures, and an additional $5 million in 2023. These capital infusions have been earmarked for expanding the company's team, scaling its technology platform, and broadening its portfolio of financial products to further support the MSME solar ecosystem.

Keywords: solar financing, fintech, MSME lending, climate-tech, renewable energy, project finance, capital platform, green energy, debt financing, B2B platform