Aerem

What Aerem does

Aerem is a Mumbai-based solar fintech platform founded in 2021 that operates as a full-stack solar adoption infrastructure for India's distributed rooftop market. The company combines solar financing (through its RBI-licensed subsidiary NetZero Finance, positioned as India's only solar-focused NBFC, and a co-lending syndicate of 8+ banks and debt platforms), a B2B equipment marketplace (SunStore), a hardware-agnostic performance monitoring portal (AeROC integrated with 15+ inverter brands), and a proprietary quality assurance service (AAA with 104+ checkpoints). It serves four primary customer segments — homeowners, MSMEs, large commercial/industrial businesses, and solar EPCs/installers — with EPCs acting as the principal distribution channel via a dedicated Partner App. As of January 2026, Aerem reports 1.5 GW+ of enabled solar capacity, 5,500+ EPC partners, 2,000+ projects financed, and operations across 150+ Indian cities.

Aerem's revenue model is multi-stream and credit-led: primary recurring revenue comes from interest income on collateral-free solar loans (up to 90% of project cost, 5-year tenure) and on supply chain financing to EPCs (Rs 2 crore limit, 90-120 day credit), supplemented by transaction commissions on SunStore marketplace sales and subscription revenue from AeROC monitoring. Loans are originated through a digital application (12-24 hour disbursement) and channel-led via the EPC partner network and direct digital funnels (website, customer app). The company also facilitates access to the PM Surya Ghar government subsidy for residential customers and operates a solar savings calculator as a top-of-funnel tool. Acquisition of Spinkraft Ventures in May 2024 extended Aerem into solar equipment distribution, and a $15M pre-Series B in January 2026 (SMBC Asia Rising Fund led) funds continued pan-India expansion.

Aerem is venture-backed with ~$34.5M raised across four rounds between July 2022 and January 2026, with Blume Ventures, Avaana Capital, UTEC, British International Investment, SMBC Asia Rising Fund, SE Ventures, and Riverwalk Holdings as investors. Founders Anand Jain (CEO, ex-SunEdison/KPMG/Barclays) and Vikesh Agrawal (COO, ex-PwC/EY/Edelweiss) lead a 150+ person team alongside executives drawn from Asian Paints, Castrol, JSW Steel, ICICI, IIFL, and PNB Housing Finance.

Name

Aerem

Legal name

Aerem Solutions Private Limited

Website

https://aerem.co

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Solar Fintech Platform

NAICS

Solar Electric Power Generation (221114)

akta.pro primary industry

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)

akta.pro secondary industry

Utility-Scale PV EPC (Engineering, Procurement & Construction) (EUACAGAB)

Keywords

• Solar financing platform
• Rooftop solar loans
• Solar equipment marketplace
• Solar performance monitoring
• Supply chain financing

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Solar Loan Interest Income: Interest income from providing solar loans to homeowners, businesses, and MSMEs. Loans cover up to 90% of project cost with 5-year tenure and competitive interest rates. Revenue accrues as interest spread over the loan tenure.
2. Supply Chain Financing: Interest and fees from providing supply chain finance to EPC partners for procurement of solar equipment from SunStore marketplace. Provides 90-120 days credit at competitive rates for equipment purchases up to Rs 2 crores.
3. SunStore Marketplace Commission: Transaction-based revenue from solar equipment sales through the SunStore B2B marketplace. EPCs and installers purchase equipment from trusted manufacturers with embedded financing options.
4. AeROC Monitoring Subscriptions: Revenue from providing solar performance monitoring services to EPCs and end customers through the AeROC platform. Enables real-time tracking of energy output, diagnostics, and portfolio management.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels9 records

Core offering

Aerem operates an integrated solar fintech platform that provides rooftop solar loans (via its RBI-licensed NBFC subsidiary NetZero Finance), supply chain financing for EPC partners, a B2B equipment marketplace (SunStore), and a hardware-agnostic solar performance monitoring portal (AeROC). The platform serves residential, MSME, commercial, and EPC installer customers across India, bundling financing, procurement, quality assurance (AAA), and ongoing asset monitoring into a single end-to-end solution.

Product overview

Aerem is a 'FinTech for CleanTech' company that operates as a platform-plus-modules architecture providing India's only complete platform for solar. The core offering combines solar financing products (solar loans, supply chain financing through NetZero Finance - the RBI-licensed solar-focused NBFC) with technology products (AeROC monitoring portal, Aerem App for customers, and Aerem Partner App for EPCs). The ecosystem is extended through SunStore B2B marketplace for equipment procurement, AAA quality assurance service with over 100+ checkpoints, design services support, and a solar calculator tool. The platform supports the entire solar value chain from financing through installation to monitoring, serving residential, commercial, and MSME customers across 13+ Indian states through a network of 5500+ EPC partners.

Differentiator

Problem solved

Functional benefit

Brands

• NetZero Finance: RBI-licensed subsidiary of Aerem; India's first and only solar-focused NBFC providing solar loans for businesses, homeowners, and supply chain finance for EPC companies.
• SunStore
• AeROC
• AAA (Aerem Asset Assurance)
• SolarGenie

Products and services

• Aerem Customer App Customer-facing mobile application for residential and MSME users to apply for solar loans, track project updates, manage loan repayments, and monitor plant energy output analytics derived from AeROC.
• Aerem Partner App All-in-one platform for solar EPCs and installers to access solar loan facilitation, supply chain financing, design support, procurement via SunStore, and AeROC monitoring for their installed portfolio.
• AeROC (Aerem Remote Operations Centre)

Quantifiable outcome

• 30% rooftop solar cost reduction achieved for customers
• +4 more outcomes

Named customers12 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

AI capability1 record

Feature7 records

Partnerships

Three partnerships are on record, tiered strategic and core.

• Spinkraft Ventures Private LimitedstrategicStrategic or Co-development Partner · 15 May 2024Mumbai-based solar equipment distributor acquired by Aerem to expand its full-stack solar platform. Integration of Spinkraft's sales and distribution capabilities enhances Aerem's ability to serve the entire solar value chain. Acquisition announced in May 2024 as part of strategy to create India's only full-stack solar platform.
• NetZero Finance Private LimitedcoreOthersRBI-licensed subsidiary of Aerem, operating as India's only solar-focused NBFC. Provides solar loans for businesses and homeowners, and supply chain finance for EPCs. CIN: U65990MH2019PTC329440.
• Sunstore Solar Private LimitedcoreOthersSubsidiary company operating the SunStore B2B marketplace for solar equipment procurement.

Scale indicators15 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Freyr Energy: India-based rooftop solar EPC and financing platform serving MSMEs and residential customers with bundled financing, design, and installation services — directly comparable to Aerem's full-stack play in the distributed solar segment.
• Fourth Partner Energy: India-focused distributed solar EPC with in-house financing solutions for commercial and industrial customers, comparable to Aerem's combined C&I lending + EPC enablement model.
• MYSUN: Indian rooftop solar marketplace and financing facilitator connecting homeowners with EPC installers and lenders — closely mirrors Aerem's SunStore + solar loan + EPC partner network model.

Regional players

• d.light: Global pay-as-you-go solar provider with strong African and Asian presence — comparable solar-fintech model with embedded financing, but geographically distinct from Aerem's India-anchored operations.
• M-KOPA: Africa's largest pay-as-you-go solar and smartphone financing platform using mobile-money credit rails — analogous fintech-for-solar model, though focused on off-grid consumer credit rather than Aerem's rooftop C&I/MSME lending.
• Sun King: Pay-as-you-go solar financing leader across Africa and South Asia, serving off-grid households with embedded credit — comparable solar-fintech business model but operating in different geographies than Aerem's India-focused urban/MSME base.

Broad incumbents

• Adani Solar: Largest Indian solar manufacturer and EPC with growing rooftop and C&I presence; competes in the same equipment procurement and rooftop solar value chain as Aerem, but as part of Adani's broader energy conglomerate.
• Tata Power Solar Systems: Established Indian solar EPC and rooftop solar arm of Tata Power, offering financing partnerships through Tata Capital — broader incumbent competing in the same distributed solar market but as part of a much larger conglomerate portfolio.
• Schneider Electric (SE Ventures parent): Global energy management and automation giant whose SE Ventures arm is an Aerem investor; Schneider's EcoStruxure and solar/energy services portfolio overlaps with AeROC's monitoring and asset assurance capabilities, and could increasingly compete or partner as the relationship evolves.

Emerging players

• Oorja Development Solutions: India-based solar energy provider focused on MSMEs and small commercial establishments with financing support — comparable to Aerem's MSME-focused segment but with narrower geographic and product reach.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@Aerem_Solutions
• Facebookfacebook.com/100094288273606
• LinkedInlinkedin.com/company/aeremofficial
• Instagraminstagram.com/aerem_solutions
• Xx.com/AeremOfficial

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries2 records

Funding overview

Funding rounds6 records

Investors14 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aerem