SMBC Asia Rising Fund, led a $15m pre-series B round in Aerem Solutions.

SMBC Asia Rising Fund, a venture capital arm of Sumitomo Mitsui Banking Corporation, led a $15m pre-series B round in Aerem Solutions, an India-based company specializing in solar solutions, including rooftop solar loans, design support, and AeROC monitoring. "We believe that Aerem's integrated solutions across the solar energy ecosystem — including financing, marketplace platforms, and data-driven services — combined with SMBC Group's financial capabilities, will play a pivotal role in accelerating the adoption of clean solar energy in India," Rajeev Kannan, SMBC Head of India Division and Managing Executive Officer.