Blume Ventures Invests $2.5 Million in Solar Funding Platform Aerem

• Mumbai-based solar funding platform, Aerem has elevated $2.5 Million in financing in a pre-series round from New Delhi-based capital firm, Blume Ventures.
• Aerem said it is making every effort to get to 20 million industrial MSMEs. The firm estimated that the marketplace capacity for MSME alone is over $200 billion.

Mumbai-based solar funding platform, Aerem has actually raised $2.5 Million in funding in a pre-series round from Blume Ventures, a New Delhi-based funding company.

The financing money ($ 2.5 Million) raised will certainly approach expanding the loan book, establishing the technical platform that will allow seamless, end-to-end electronic involvement with varied stakeholders, and working with teams that include leaders in modern technology, item, finance, and also procedures.

Aerem's owner, Anand Jain, specified: "Aerem gets on a goal to democratise roof solar adoption and construct a much better, greener, and lasting future. Our cutting-edge SolarTech platform includes AAA (Aerem Asset Assurance), which guarantees high-grade rooftop solar systems. When coupled with financing from our interior NBFC or partner organizations, this mix dramatically reduces MSMEs' power expenses. For MSMEs, we give a totally digital, trouble-free, as well as smooth experience."

Aerem has actually stated it is making every effort to get to 20 million industrial MSMEs. The company approximated that the marketplace possibility for MSME alone is greater than $200 billion.

Planning to give India's initial asset financing as well as quality platform for solar, the platform is a full-stack remedy. Mumbai-headquartered Aerem plans to minimize carbon exhausts while also enhancing MSMEs' success as well as increasing their competitiveness.

According to Blume Ventures Partner Ashish Fafadia, "Their full-stack option provides end-to-end interaction as well as is one to two years ahead of the marketplace. The macro (top-down) as well as mini (bottom-up) parameters are flawlessly matched for Solar to do well. For any type of field, this is extremely unusual. By 2030, India wants to have 280 GW of solar capacity as well as to be using renewable energy for 50% of its power needs.