Solar energy financing firm, Aerem Solutions, has raised $15 million (~₹1.36 billion) in a pre-series B funding round led by SMBC Asia Rising Fund, the venture capital arm of Sumitomo Mitsui Banking Corporation.

The funding round also saw participation from existing institutional investors, British International Investment, The University of Tokyo Edge Capital Partners, Blume Ventures, Avaana Capital, Riverwalk Holdings, and SE Ventures, the venture arm of Schneider Electric.

The funding will help Aerem strengthen its services, support its solar EPC and installer partners, and expansion across India.

The company also plans to accelerate the adoption of micro, small, and medium enterprises (MSMEs) and homeowners by improving access to distributed solar solutions, enhancing affordability, and ensuring high-quality, reliable execution at scale.

Anand Jain, Founder and CEO at Aerem Solutions, said that the funding will enable the company to support its EPC partners in executing high-quality projects on a national scale.

Aerem’s offerings include solar financing, a marketplace for solar equipment, and a technology-led platform that supports system design, procurement, financing, and asset monitoring for distributed solar projects.

To date, the company has enabled over 1,200 MW of solar capacity across the country. It has financed over 2,000 solar projects spanning MSMEs, homeowners, and EPC partners, collectively generating lifetime energy cost savings of ~$2.5 billion (~₹227.488 billion).

Aerem’s nationwide ecosystem includes more than 3,200 verified installation partners, operating across more than 150 cities.

Last year, the company secured ₹1 billion (~$11.7 million) in a Series A funding round from Japan-based venture capital firm University of Tokyo Edge Capital Partners (UTEC).

In 2024, the company acquired solar equipment distributor Spinkraft Ventures to create a platform spanning the entire solar energy value chain.

According to Mercom Capital Group’s 9M and Q3 2025 Solar Funding and M&A Report, total corporate funding, including venture capital funding, public market, and debt financing, for the solar sector globally, stood at $17.3 billion in the first nine months of 2025, a 22% fall year-over-year.

Solar offers long-term savings, but upfront costs can be high. Financing options from MSME loans to low-interest plans can help manage expenses. Understanding these challenges, Mercom India hosts a multi-city C&I Clean Energy Meets series to equip commercial and industrial energy buyers with the insights and tools needed to adopt clean energy solutions and efficiently finance them. The next Clean Energy Meet will be held in Coimbatore on February 5, 2026.

If you’re planning to install solar and need guidance or vendor recommendations, get in touch with us.