Solartech startup Aerem raised $5 million in Pre-Series A led by climate-tech investor Avaana Capital

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Solartech startup Aerem raised $5 million in Pre-Series A led by climate-tech investor Avaana Capital where Blume Ventures also participated along with debt financing of $1.5 million from financial institutions.

The new funding will be used to expand the startup’s suite of innovative solartech and financing solutions. It also intends to create an ecosystem that will bring together all stakeholders, including financial institutions, engineering, procurement, and construction (EPC) firms, and small and medium-sized enterprises (MSMEs), in order to enable end-to-end solutions for rooftop solar projects.

Aerem assists MSMEs in harnessing the power of solar energy and lowering their electricity costs by up to 70%. The startup installs rooftop solar systems through its network of installers. It also makes loans available through its own Non-Banking Financial Company (NBFC) and partner banks.

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Solartech startup Aerem raised $5 million in Pre-Series A led by climate-tech investor Avaana Capital

Solartech startup Aerem raised $5 million in Pre-Series A led by climate-tech investor Avaana Capital where Blume Ventures also participated along with debt financing of $1.5 million from financial institutions.

The new funding will be used to expand the startup’s suite of innovative solartech and financing solutions. It also intends to create an ecosystem that will bring together all stakeholders, including financial institutions, engineering, procurement, and construction (EPC) firms, and small and medium-sized enterprises (MSMEs), in order to enable end-to-end solutions for rooftop solar projects.

Aerem assists MSMEs in harnessing the power of solar energy and lowering their electricity costs by up to 70%. The startup installs rooftop solar systems through its network of installers. It also makes loans available through its own Non-Banking Financial Company (NBFC) and partner banks.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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