UTEC led a $12m funding round in Aerem.

UTEC, a seed/early stage technology focused venture capital firm, led a $12m funding round in Aerem, a solartech startup, with participation from British International Investment, SE Ventures, Riverwalk Holdings, Blume Ventures and Avaana Capital. “Getting a solar installation is complex for an Indian MSME or homeowner. From finding the right installer to the right price, right quality, and right financing, there exists a massive trust deficit throughout the fragmented ecosystem,” Anand Jain, Aerem Founder and CEO.