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Aerem secures 12 million dollars in series A funding for solar financing

Mumbai-based solar financing startup Aerem has raised $12 million in a Series A funding round led by Japan’s University of Tokyo Edge Capital Partners, with participation from British International Investment, SE Ventures, and others. Founded in 2021, Aerem provides loans for solar installations and plans to use the funds to expand its market presence and technology platforms. The company reported a significant revenue increase in FY24, with earnings jumping nearly ninefold to $20.52 million.
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