India, April 4 -- Aerem, which offers financing for solar projects, has secured INR 100 Cr (around $12 Mn) in a Series A funding round led by Japan's University of Tokyo Edge Capital Partners.

The round also saw participation from British International Investment, SE Ventures and Riverwalk Holdings, along with existing investors Blume Ventures and Avaana Capital.

The startup said it also raised a debt from IDFC, AU Small Finance, Axis Bank, Northern Arc, MAS Financials and Vivriti Capital.

Aerem plans to use the fresh capital to boost its presence in the existing markets, expand lending portfolio and further build tech stack for the solar marketplace.

Founded in 2021 by Anand Jain and Vikesh Agrawal, Aerem provides loans to businesses...