Blume leads $2.5 Mn round in solar startup Aerem

Aerem, a solar financing platform, has raised $2.5 million in pre Series A led by Blume Ventures.

According to Aerem, the funds will be utilised for growing loan book, building tech platform and hiring in technology, product, finance and operation

Founded in 2021 by Anand jain, an MBA from Yale University, Aerem is a full stack-solution with  asset finance and quality platform for solar. It claims to have an impact on mitigating carbon emissions and increasing profitability of MSMEs, significant reduction in power bills for MSMEs.

The Mumbai-based company is targeting 20 million industrial MSMEs in India and market potential is over 200 billion dollar in this space.

In the ongoing calendar year, there are very few startups in Solar space that managed to raise funds. In June, Mumbai-based startup SolarSquare had scooped up $4 million led by Good Capital, with participation from US-based Lowercarbon Capital, Singapore-based Symphony Asia, and Nithin Kamath’s Rainmatter.

Aerem is by all accounts an inspiring startup with spurring development on financial services platform. I’m certain this startup would keep on flourishing in its excursion ahead. All the best to the whole group of Aerem. This will give them a colossal achievement in the future.

Shishir Gupta, Founder and CEO, StartupLanes

Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.

If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.

You can subscribe to our news posts by entering your email in the box on the right side of this page.

Check out our YouTube channel for insightful content from the Indian startup ecosystem.

Or join our Whatsapp group to interact with other founders: Yes, I want to join the Whatsapp group.

The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.

Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.