Aerem Solutions Raises $15 Million in Pre-Series B to Scale Distributed Solar Across India
Aerem Solutions raises $15M in pre-Series B led by SMBC Asia Rising Fund to scale its distributed solar platform across India for MSMEs and homes.
Mumbai-based distributed solar platform Aerem Solutions has raised $15 million (₹136 crore) in a pre-Series B funding round led by SMBC Asia Rising Fund, the venture investment arm of Sumitomo Mitsui Banking Corporation.
The round also saw participation from existing investors including British International Investment, UTEC, Blume Ventures, Avaana Capital, Riverwalk Holdings, and SE Ventures, the venture arm of Schneider Electric.
With this infusion, Aerem’s total funding now stands at approximately $34.5 million.
Funding Journey So Far
Prior to this round, Aerem had raised ₹100 crore (~$11.7 million) in April last year, led by UTEC. In 2023, the company secured $5 million in an earlier round led by Avaana Capital.
The consistent backing from climate-focused and institutional investors signals growing confidence in India’s distributed solar opportunity — particularly in the MSME and residential segments.
Where the Capital Will Be Deployed
The fresh funds will be used to:
Expand Aerem’s pan-India footprint
Strengthen its EPC and installer partner network
Accelerate solar adoption among MSMEs and homeowners
Improve affordability through better financing solutions
Enhance execution quality and post-installation performance visibility
The company aims to deepen its presence across Tier-2 and Tier-3 markets, where rooftop and distributed solar demand is witnessing strong growth.
The Aerem Model: Full-Stack Distributed Solar Platform
Founded in 2021, Aerem operates as a full-stack distributed solar adoption platform integrating:
Solar financing solutions
Equipment marketplace
Technology-led system design
Procurement and asset monitoring
EPC and installer enablement
Its platform primarily serves:
MSMEs
Residential customers
EPC contractors
Financial institutions
By combining financing, marketplace access, and digital execution, Aerem addresses one of the biggest barriers in solar adoption — access to capital and quality execution.
Growth & Impact Metrics
To date, Aerem claims to have:
Enabled over 1,200 MW of solar capacity
Financed more than 2,000 projects
Built a network of 3,200+ installation partners
Expanded operations across 150 cities in India
These numbers place Aerem among the emerging leaders in India’s distributed solar ecosystem.
Why This Matters
India’s energy transition is increasingly shifting toward decentralized and distributed solutions. With government incentives, rising electricity tariffs, and ESG-driven MSME demand, rooftop solar is becoming an economically viable alternative.
Platforms like Aerem are positioned at the intersection of:
Climate tech
Fintech
Infrastructure enablement
MSME empowerment
The participation of global institutional capital in this round highlights a larger thesis: India’s distributed solar market is entering a scale phase.
BeingFounders Take
Aerem Solutions represents a new generation of Indian startups building infrastructure-layer platforms for climate transition. By solving financing and execution bottlenecks, it is accelerating access to clean energy for small businesses and households — a segment historically underserved by traditional lenders and energy companies.
As India moves toward its renewable energy targets, distributed solar platforms like Aerem may play a defining role in bridging policy ambition with on-ground execution.
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