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Aerem Solutions completes acquisition of Spinkraft Ventures to enhance comprehensive solar solutions

PRIVATEMay 15, 2024

Acquiring Company

Aerem Solutions

Acquired Company

Spinkraft Ventures Private Limited

MumbaiMumbaiEnergyRenewable EnergySolarManufacturingEnergyRenewable EnergySolar

Description

Aerem Solutions Private Limited has announced the strategic acquisition of Spinkraft Ventures Private Limited. With this acquisition, Aerem aims to create India's only full stack platform for solar, making solar energy more accessible. The coming together of Aerem and Spinkraft marks a significant step in the evolution of both companies, as they work to immensely boost the nation's goals of adopting solar energy.

Quick answer

Aerem Solutions is acquiring Spinkraft Ventures Private Limited, announced May 15, 2024. Aerem Solutions is based in Mumbai, Maharashtra, India.

How much did Aerem Solutions pay for Spinkraft Ventures Private Limited?
The deal value was not disclosed.
What does Aerem Solutions do?
Aerem Solutions Private Limited is an end-to-end platform for distributed solar and a leading provider of Solar Loans and Solar Tech solutions.
Where are Aerem Solutions and Spinkraft Ventures Private Limited based?
Aerem Solutions is based in Mumbai, Maharashtra, India. Spinkraft Ventures Private Limited is based in Mumbai, Maharashtra, India.
Who are the decision-makers at Aerem Solutions?
Fundz holds 1 contact at Aerem Solutions. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Aerem Solutions

Location

Mumbai, Maharashtra, India

About

Aerem Solutions Private Limited is an end-to-end platform for distributed solar and a leading provider of Solar Loans and Solar Tech solutions. It offers comprehensive solar solutions, including financing, commerce, and technology solutions. Aerem is backed by leading venture capital firms and its subsidiary, NetZero Finance, is India's only solar-focused NBFC.

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Frequently asked

Who acquired Spinkraft Ventures Private Limited?

Spinkraft Ventures Private Limited was acquired by Aerem Solutions, based in Mumbai. The deal was reported on May 15, 2024. Aerem Solutions Private Limited is an end-to-end platform for distributed solar and a leading provider of Solar Loans and Solar Tech solutions. Aerem Solutions is privately held and operates in Energy.

When did Aerem Solutions acquire Spinkraft Ventures Private Limited?

Aerem Solutions's acquisition of Spinkraft Ventures Private Limited was reported on May 15, 2024. Aerem Solutions Private Limited has announced the strategic acquisition of Spinkraft Ventures Private Limited. With this acquisition, Aerem aims to create India's only full stack platform for solar, making solar energy more accessible. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Spinkraft Ventures Private Limited do?

Spinkraft Ventures Private Limited is a leading distributor of solar equipment, dedicated to the sales and distribution of solar products. It was founded in 2021 and has a team committed to revolutionizing the solar market. It is privately held, operating in Manufacturing, and is based in Mumbai.

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