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Aerem is a Mumbai, India-based financial technology platform that facilitates the adoption of rooftop solar energy through digital lending, a business-to-business marketplace, and specialized software tools. Operating as the parent company of the licensed non-banking financial company NetZero Finance, the firm provides solar loans and supply chain financing to micro, small, and medium enterprises, homeowners, and engineering, procurement, and construction companies. The organization has scaled its operations to support a workforce of approximately 150 employees while managing an online equipment marketplace called SunStore to reduce industry adoption barriers. Aerem has secured over $19.5 million in total funding across multiple equity rounds, including a recent Series A financing stage, backed by prominent venture capital investors such as Blume Ventures, Climate Angels, and Riverwalk Holdings. The commercial enterprise was founded in 2020 by co-founders Anand Jain and Vikesh Agrawal.
Aerem has raised $39.9M across 5 funding rounds.
Aerem has raised $39.9M in total across 5 funding rounds.
Aerem has raised $39.9M across 5 funding rounds. Most recently, it raised $14.9M Pre-Series B in January 2026.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 21, 2026 | $14.9M Series A Plus | Rajeev Kannan | Avaana Capital, Blume Ventures, British International Investment, Riverwalk Holdings, Schneider Electric, University OF Tokyo Edge Capital | Announced |
| Apr 1, 2025 | $12M Series A | — | Avaana Capital, Benhamou Global Ventures, Blume Ventures, RTP Global, Utec The University OF Tokyo Edge Capital Partners | Announced |
| Mar 16, 2023 | $6.5M Debt Financing | Anjali Bansal | Blume Ventures | Announced |
| Mar 1, 2023 | $4M Seed | — | Avaana Capital, Benhamou Global Ventures | Announced |
| Jul 12, 2022 | $2.5M Seed Plus | Ashish Fafadia | — | Announced |
Aerem has raised $39.9M in total across 5 funding rounds.
Aerem's investors include Rajeev Kannan, Avaana Capital, Blume Ventures, British International Investment, Riverwalk Holdings, Schneider Electric, University of Tokyo Edge Capital, Benhamou Global Ventures, RTP Global, UTEC - The University of Tokyo Edge Capital Partners, Anjali Bansal, Ashish Fafadia.
Aerem is an Indian technology company specializing in a comprehensive digital platform for rooftop solar energy solutions. It builds an integrated ecosystem combining solar financing, a solar equipment marketplace, and advanced solar technology tools to serve businesses, homeowners, and solar EPC (Engineering, Procurement, and Construction) partners. Aerem addresses key barriers to rooftop solar adoption by offering RBI-licensed solar loans through its NetZero Finance arm, a B2B solar equipment marketplace called SunStore, and a digital twin-based solar plant monitoring platform named AeROC. This full-stack approach enables over 500 MW of solar capacity, supports 800+ EPC partners, and has financed 500+ solar projects, significantly contributing to India's distributed solar energy growth[1][2][4].
Founded in 2020 by Anand Jain and Vikesh Agarwal, Aerem emerged from their combined expertise in solar project deployment, credit risk, and capital allocation. Anand Jain, with 15 years in solar and experience at KPMG, SunEdison, and Skypower, and Vikesh Agarwal, with a decade in credit administration at PwC, EY, and Edelweiss, envisioned a seamless digital platform to overcome financing and supply chain challenges in the solar sector. Early traction came from integrating financing with marketplace and technology solutions, engaging over 2,000 solar EPCs and installers, and enabling large-scale solar deployments[1][2][5].
Aerem rides the global and Indian trend toward renewable energy decentralization and digital transformation in clean energy finance and operations. The timing is critical as India aggressively pursues solar capacity expansion to meet climate goals and energy access needs. Market forces such as government incentives, rising solar adoption, and the need for affordable financing and quality assurance favor Aerem’s integrated approach. By digitizing financing, procurement, and plant monitoring, Aerem accelerates rooftop solar deployment, reduces friction for EPCs and end-users, and strengthens the distributed solar ecosystem in India[1][2][4].
Aerem is poised to expand its impact by scaling financing solutions, deepening technology innovation in solar asset management, and broadening its marketplace reach. Trends shaping its journey include increasing digitization of energy assets, growing demand for sustainable finance, and policy support for distributed renewables. Aerem’s influence may evolve from a national leader to a model for integrated solar fintech platforms globally, driving faster adoption of clean energy through technology-enabled financial and operational solutions[1][2][4].
