Aerem secures $15 million investment from SMBC Asia for distributed solar ecosystem
Type: Investment · Technology: Solar · Country: India · Announced: 2026-06-02
Aerem has secured a $15 million (INR 136 crore) Pre-Series B investment from SMBC Asia. This funding round signifies a vote of confidence in India's distributed solar ecosystem amidst global investor rebalancing away from single-country-sourced supply chains. The investment will support Aerem's growth strategies, including scaling rooftop and distributed solar across C&I and MSME segments, expanding its EPC partner network to over 70 cities, and deepening the integration of its financing and monitoring ecosystems. This aligns with India's goal of achieving 500 GW of non-fossil power capacity by 2030, with solar expected to contribute over 280 GW.
Analysis
Aerem has secured a $15 million (INR 136 crore) Pre-Series B investment from SMBC Asia. The investment will support Aerem's growth strategies in India. Aerem and SMBC Asia are the counterparts in this deal. The investment was announced on 2026-06-02. The deal is related to India's goal of achieving 500 GW of non-fossil power capacity by 2030, with solar expected to contribute over 280 GW.
Key points
- Investment amount: $15 million (INR 136 crore)
- Investor: SMBC Asia
- Location: India
- Announcement date: 2026-06-02
- Solar contribution to India's non-fossil power capacity goal: over 280 GW