Solartech startup Aerem raises Rs 100 crore in round led by Japan-based UTEC

Blume Ventures-backed solartech startup Aerem has raised Rs 100 crore in a funding round led by Japan-based venture fund UTEC.

The round, which was a mix of equity and debt, also saw participation from British International Investment (BII), SE Ventures, and Riverwalk Holdings, along with existing investors Blume Ventures and Avaana Capital.

The funds will be used for expanding operations across India, improving solar financing and marketplace solutions, strengthening the end-to-end platform, and diversifying the lending portfolio.

It currently…