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  • JustDeliveries Bags INR 5.5 Crore from VC Grid, NABVentures to Power IntraCity Logistics Expansion

    JustDeliveries, a new-age cold chain logistics startup redefining mid-mile logistics for India’s food and beverage sector, has raised INR 5.5 crore funding in a round co-led by VC Grid and NABVentures. Investors included LetsVenture, Anay Ventures, FAAD Network and others. 

    The capital infusion elevates JustDeliveries’ total funding to $2 million (approximately INR 15.9 crore), further enabling its mission to bring structure and reliability to India’s $200 billion logistics landscape, where 90% of operations remain unorganized and prone to inefficiencies. The funds will be used to enhance its technology capabilities and expansion into three new cities including Lucknow and Chennai. Currently it has its operations in Bangalore, Delhi, Hyderabad, Mumbai and Pune.

    Since its inception, JustDeliveries has emerged as a critical partner for over 100 F&B brands, including industry leaders like ITC, Swiggy, Blue Tokai, Biggies Burger, and Naturals Ice Cream. The company’s asset-light, plug-and-play third-party logistics (3PL) model addresses the acute challenges of transporting perishable goods across India’s vast and complex supply chains. Showing remarkable traction, JustDeliveries achieved a 2.4x year-over-year revenue growth in FY25, sustained by a 10.6% average monthly growth rate. The startup reached a pivotal milestone in December 2024 by attaining city-level profitability across all operational hubs – Mumbai, Pune, Bangalore, Delhi, and Hyderabad – while maintaining negligible bad debts and industry-leading receivables turnaround times. 

    JustDeliveries has a strong leadership team and has recently elevated Pradeep Murugesan and COO and cofounder.

    NABVENTURES is a venture growth equity fund that invests in agriculture, food, rural businesses and agri/rural financial services at early to mid-stage. “NABVENTURES is excited to continue supporting JustDeliveries as they scale their innovative cold chain logistics solutions. Their impressive growth, focus on profitability, and strong client base underscore our confidence in their ability to transform the F&B supply chain landscape by driving efficiency and reducing wastage. NABVENTURES is pleased to be a part of their journey in building a more resilient food supply chain.” – Ashish Km Choudhury, CIO, NABVENTURES Ltd

    VC Grid is a leading return-driven fund backed by Venture Catalysts, India’s leading integrated incubator and accelerator platform. Commenting on the investment, Vansh Oberoi from VC Grid, said, “JustDeliveries represents a rare convergence of operational discipline, scalable innovation, and market timing. In a sector traditionally burdened by high capital expenditure and fragmented service providers, Mansi and her team have engineered an asset-light platform that delivers consistent cold chain integrity while achieving early profitability, a feat that eludes most logistics startups. Their ability to maintain an impressive month-on-month growth in a competitive sector reflects both operational maturity and strategic foresight. We believe JustDeliveries is poised to become the backbone of India’s F&B logistics ecosystem. This investment aligns with our mission to back category-defining companies solving systemic challenges.”

    Mansi Mahansaria, Founder of JustDeliveries, said, “When we launched JustDeliveries, we recognized that solving the gaps for the F&B industry required more than just infrastructure-it demanded a fundamental rethinking of logistics partnerships. By integrating technology with a flexible asset network, we have built a platform that scales with our clients’ needs while ensuring cost efficiency and reliability. We’re fortunate to have a set of investors who believe in building a valuable company on a strong foundation. This funding enables us to deepen our tech stack, become net profitable, and take our services to three new cities by FY26.”

    With India’s cold chain logistics market projected to grow at a 23.5% CAGR through 2030, driven by rising demand for perishable foods and pharmaceuticals, JustDeliveries’ tech-enabled model addresses a critical infrastructure gap. The startup’s expansion into three additional cities will extend its geographic footprint to eight major hubs, aligning with client demands for pan-India distribution.

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  • Panasonic to Slash 10000 Jobs, Braces for $900M Restructuring Hit

    In an attempt to restructure the company, Panasonic Holdings announced on May 9 that it will layoff 10,000 employees and anticipate spending 130 billion yen ($896.06 million) this fiscal year. According to a statement, the electronics company plans to lay off employees mostly during the current fiscal year, with half of those layoffs occurring in Japan and the other half abroad.

    The reductions will be made by combining sales and indirect operations, closing locations, and letting go of Japanese workers who are retiring early. Panasonic’s website states that it employs about 228,000 people worldwide.

     Through restructuring, the company hopes to increase group profitability and reach a 10% return on equity, which is a measure of profitability, by the fiscal year that ends in March 2029. In the fiscal year ending March 31, 2027, Panasonic also stated that it will aim for a group adjusted operating profit of at least 600 billion yen, in part because of a reorganisation of its consumer electronics division, the closure of businesses that are losing money, and the simplification of its IT expenditures.

    In an update of its makeover released in February, the business stated that it will examine the operational efficiency of its group companies, specifically in the back-office and sales divisions.

    Restructuring and Future Plans

    Its lifestyle business, which comprises heating and ventilation systems and home electronics, would account for nearly half of the restructuring costs. The remaining 40% will be allocated to “other” industries, which includes its holding company.

    It didn’t anticipate incurring any restructuring expenses in its energy division. Due to anticipated increases in sales of batteries and energy storage systems, Panasonic also projected a 39% increase in operating profit at its energy division that produces batteries for electric vehicles, bringing it up to 167 billion yen for the fiscal year ending March 31, 2026.

    In the year ending in March, the energy company, which produces batteries for Tesla (TSLA.O), opens a new tab, and other vehicles made 120.2 billion yen, falling short of its own projection of 124 billion yen. Panasonic predicted that its overall operating profit for this fiscal year would drop by 13% to 370 billion yen.

    Reason for the Layoffs

    In an April interview with a Japanese publication, Yuki Kusumi, the CEO of Panasonic Holdings, stated that layoffs are required to outperform competitors. According to a report, the action is a component of the company’s management reform, which aims to address the significant changes in the global business climate.

     Panasonic intends to reduce its personnel, streamline and combine indirect tasks, and withdraw or close down businesses that are losing money.

    In its fiscal 2024 earnings report, which was made public that same day, Panasonic stated that its net profit fell 17.5% year over year to 366.2 billion yen (roughly 2.53 billion US dollars), while its revenue was 8.46 trillion yen (roughly 54 billion US dollars), down 0.5% from the previous fiscal year.

  • Tata Eyes Surge in iPhone Casing Production, Plans to Hit 1 Lakh Capacity

    At its Hosur facility, Tata Electronics is dramatically increasing the volume of enclosures it produces for Apple’s iPhones. According to a media report, Tata Electronics wants to triple its current capacity of about 50,000 enclosures.

    The ramp-up will probably occur before Apple’s annual product introductions, which happen in September. This is the second phase of the Hosur facility’s build-out. Before the fire that occurred at the facility in September of last year, Tata Electronics had reached a capacity of roughly 50,000 enclosures, according to the article.

    This setback prompted the company to halt its rapid expansion. After the fire, it took them a while to get back on track. However, the capacity has returned to its pre-fire levels.

    India to Become iPhone’s Manufacturing Hub

    The expansion drive by Tata Electronics follows recent remarks by Apple CEO Tim Cook that India will take over as the main location for iPhone production for US-sold devices. During Apple’s Q1 earnings call on May 1, Cook stated that the company anticipates that the majority of iPhones sold in the US will be made in India during the June quarter.

     He went on to say that practically all iPad, Mac, Apple Watch, and AirPods items sold in the US would be made in Vietnam. With his statement regarding India, Cook signalled a dramatic change in the Cupertino-based company’s production approach and solidified the notion that Apple was, in fact, seeking to diversify its supply chain away from China.

     Apple’s Indian vendors are doing all in their power to seize this chance.

    Apple Moving Away for China

    Tata Electronics announced earlier this year that it has purchased a 60% controlling interest in Pegatron Technology India (PTI). Less than a year ago, in March 2024, the company acquired Wistron’s India operations, which were situated in Narsapura, Karnataka.

     This was interpreted as an attempt by the business to solidify its position inside the Apple global value chain (GVC). Additionally, a media outlet revealed last week that Jabil, another Apple supplier, was also considering expanding the production of its AirPods casings in India. All of this is indicative of Apple’s larger effort to diversify its Chinese supply base in the face of persistent trade tensions between the US and China and uncertainty surrounding global tariffs.

     For example, Foxconn’s India division, another Apple supplier, has benefitted greatly. It is anticipated that the Tainwanese contract manufacturer will continue to increase its investments in mobile assembly in India.

    The company is expanding into new production locations in India and diversifying its portfolio, as evidenced by the construction of a massive factory in Bengaluru and a brand-new facility in Hyderabad that is focused on AirPods.

  • SEBI Moves to Ease Co-Investment Norms for Alternative Investment Funds

    According to reports, the Securities and Exchange Board of India (SEBI) has suggested giving investors more freedom to co-invest with alternative investment funds (AIFs). According to a media report, the regulatory board recommended lifting the ban on AIF investment managers offering advisory services for listed shares.

    To put it simply, co-investment mainly enables the fund to concentrate on areas other than ticket size and portfolio management. Co-investments are typically offered by funds when an investment is too big to fit within the fund or to preserve control over an investment and foster ties with their LPs, who will be tapped for future fundraising.

    Moreover, AIF is a privately pooled investment vehicle that collects money from investors in accordance with a predetermined investment policy and uses it as capital for the investors’ advantage.

    According to the research, under specific circumstances, it has been suggested that managers of AIFs be permitted to provide co-investment opportunities to AIF investors through the co-investment vehicle (CIV) model.

    Separate CIV Scheme for Each Investment

    Additionally, it stated that, in accordance with the shelf PPM for the CIV scheme submitted to the markets regulator, a distinct CIV scheme ought to be introduced for every co-investment in the prospective business being considered for investment under notification to SEBI.

     Up until now, co-investors were required to sell their shares at the same time as AIF on the same conditions and exit price, which limited investor flexibility and made the funds seek to loosen these regulations.

    The change follows calls from venture capital and private equity firms to loosen co-investment requirements in the AIF route starting in 2022. In the meantime, SEBI loosened its regulations in February, allowing AIFs to retain their investments in dematerialised form as of July.

    This is revealed at a time when SEBI is continuously changing the AIF industry’s framework in response to input and difficulties. In September of last year, the regulatory body changed its framework for valuing AIF investment portfolios.

    It stated that securities that were not listed, non-traded, or thinly-traded would be valued in accordance with the current mutual fund regulations (SEBI (Mutual Funds) Regulations, 1996).

    Investor Awareness Gets a Boost with SEBI, Ministry’s ‘Niveshak Shivir’ Rollout

    A strategic planning conference for the Niveshak Shivir project is held in Mumbai by SEBI and the Investor Education and Protection Fund Authority (IEPFA), which is part of the Ministry of Corporate Affairs.

    Niveshak Shivir is a national investor support programme designed to increase financial literacy, lessen dependency on middlemen, and make it easier for investors to recover unclaimed profits and shares. Investors will be able to communicate directly with corporate representatives and Registrars and Transfer Agents (RTAs) for end-to-end support through the initiative’s dedicated helpdesks.

    Later this month, the “Niveshak Shivir” programme will be launched in Ahmedabad and Mumbai, with ambitions to spread to additional cities with significant amounts of unclaimed investor assets.

  • Green Milestone: Adani Deploys India’s 1st Hydrogen-Powered Mining Truck

    The first hydrogen-powered truck in India, which can transport 40 tonnes of freight over a 200-kilometer radius, was used for mining operations in Chhattisgarh, the Adani Group announced on 10 May.

    As part of its efforts to promote cleaner transportation, the group’s flagship company, Adani Enterprises, waved off hydrogen fuel cell trucks. In addition, the corporation stated in its official statement that the diesel trucks utilised in its logistics operations will eventually be replaced by these hydrogen-powered trucks.

    Adani is working with a major automaker and an Indian and foreign energy technology company to build vehicles that run on hydrogen fuel cell batteries for cargo transportation. With three hydrogen tanks and clever technology, each truck can transport up to 40 tonnes of cargo across a 200-kilometre distance.

    CM Vishnu Deo Sai Flagged Off the Truck

    In Raipur, Vishnu Deo Sai, the chief minister of Chhattisgarh, waved off the first truck. Coal will be transported to the state power plant via it from the Gare Pelma III Block. According to Sai, Chhattisgarh’s introduction of the nation’s first hydrogen-powered truck is a testament to the state’s dedication to sustainability.

    The state’s carbon footprint will be greatly reduced by such activities, which will also establish new industry standards. In addition to being at the forefront of supplying the nation’s electrical needs, Chhattisgarh sets the standard for sustainable operations. Adani Enterprises was chosen following a competitive bidding procedure to be the mine developer and operator for the Gare Pelma III block by the state-owned Chhattisgarh State Power Generation Company Limited.

    He continued by saying that the Adani Group’s commitment to decarbonisation and ethical mining is demonstrated by the plan for hydrogen-powered trucks. By using solar energy, digital projects, autonomous dozer push technology, and tree transplanters to move trees, the state government is building model mines with less environmental impact.

    According to Vinay Prakash, CEO of Natural Resources and Director of Adani Enterprises, the company wants to set new benchmarks for sustainable mining methods while ensuring that everyone has access to cheap, dependable electricity.

     Adani New Industries Limited (ANIL) and Adani Natural Resources (ANR) collaborated on the project. Adani Enterprises is the parent company of both organisations. ANR will purchase hydrogen cells from ANIL, a company that also produces wind turbines, solar modules, batteries, and green hydrogen.

    Hydrogen Most Environment Friendly Option

    The most prevalent element, hydrogen, emits no toxic gases. In terms of range and load capacity, hydrogen fuel cell vehicles are comparable to diesel trucks; however, they produce only warm air and water vapour with little noise. Because most mining equipment runs on diesel, using cleaner fuels will cut down on noise and pollutants.

    Additionally, it will lessen India’s carbon footprint and oil imports. According to the statement, Adani Natural Resources is the first company in Asia to implement Dozer Push Semi-Autonomous Technology, which will increase sustainability and safety. Coal, minerals, and metals are produced and processed by ANR for use by businesses and end consumers.

     Its varied business portfolio includes liquified petroleum gas, rock phosphate, iron ore, copper, aluminium, minerals, bunkering, and integrated resources management.

  • Boardroom Shake-Up: Three Directors Exit FirstCry’s GlobalBees Brand

    GlobalBees, a FirstCry affiliate, keeps losing employees. According to various media reports, over the past three to four months, three members of GlobalBees’ board of directors have resigned: Kaveesh Chawla, board representative of Premji Invest; Sudhir Kumar Sethi, board representative of Chiratae Ventures; and Harsha Deepak Kumar, board representative of Lightspeed India Partners.

     According to a media report, the directors had to leave in order to prevent any possible conflicts or regulatory difficulties because GlobalBees is a FirstCry subsidiary and thus had access to unpublished price-sensitive information (UPSI).

     According to a spokeswoman for Premji Invest, the company generally refrains from holding board positions in publicly traded firms or their subsidiaries. Premji Invest resigned from the Board of FirstCry and GlobalBees, a FirstCry subsidiary, several months ago in accordance with this concept.

    A media report claims that Premji and Chiratae are still involved with FirstCry and are its stockholders. They are leaving GlobalBees in accordance with UPSI regulations.

    By preventing anyone with access to sensitive information from trading a company’s stocks before the information is made public and its effect is reflected in the market price, SEBI’s Unpublished Price Sensitive Information (UPSI) regulations seek to prevent insider trading.

    Additionally, all of these significant departures coincide with certain senior-level departures from GlobalBees: CEO of GlobalBees Nitin Agarwal (exited April 2025) InternationalBees’ CBO, Damandeep Soni (exited August, 2024) Globalbees Senior Vice President Mohit Saxena exited in February 2025.

    Home, kitchen, furniture, and appliance category head Abhishek Biswas (who exited in March 2025) and Operations Executive VP Venkatesh SS Deepak Khetan, Head of Corporate Development and CFO (exited June 2).

    Founded in 2021, GlobalBees invests in and buys D2C brands that offer goods on Flipkart, Amazon India, and other online marketplaces.

    It collaborates with businesses that have developed products in specialist markets like sports, fast-moving consumer goods (FMCG), home organisation, and lifestyle based on consumer data. Among other brands, the startup has previously purchased Candes Technology, andMe, and The Clownfish.

    Financial Dynamics of GlobalBees

    Lightspeed and SoftBank are among the investors in the business, which has garnered more than $175 million in total capital to date. Players like BRND.ME (previously Mensa Brands), Evenflow, and GOAT Brand Labs are competitors of the startup.

    As part of the first tranche of its INR 146 Cr infusion, FirstCry invested INR 73 Cr in GlobalBees just last month.

  • BluSmart Set for $30M Lifeline as Investors Plan Revival Push

    According to reports, BluSmart’s current backers, which include BP Ventures and ResponsAbility Investments, intend to provide $30 million (INR 253.64 Cr) to help the electric taxi hailing business get back on its feet.

    According to media reports, the money will be in the form of unsecured debt and will assist the business in covering its operating commitments, such as outstanding debts and employee salaries. According to the article, the investment proposal is contingent upon the resignation of co-founder Anmol Singh Jaggi.

    Why Brand Shut Down its Operations?

    After Gensol Engineering was accused of document falsification, share price manipulation, and embezzlement for personal indulgences by its promoters, Anmol Singh Jaggi and Puneet Singh Jaggi, SEBI issued an interim order, which caused the ride-hailing startup to halt operations.

    As a result, 10,000 of its drivers lost their jobs. Earlier this month, over 80 of these drivers gathered at Delhi’s Jantar Mantar to express their displeasure and call for government action.

    The predicament of BluSmart demonstrates the disastrous effects of governance problems in businesses that need a significant amount of operating money. About 2.5 billion Indian rupees (about $30 million) are still owed to the company, and 8,700 electric cars are left unattended, putting their batteries and other parts at risk of deterioration.

     In the Indian startup scene, where businesses frequently put expansion ahead of accountability frameworks, this pattern of governance issues impacting funding and operations is typical. Effective governance is crucial for preserving investor trust, according to research, especially in industries like electric mobility that need constant capital infusion.

    Many companies still find it difficult to put strong structures in place early in their lives, despite the 2013 Companies Act’s introduction of provisions to boost governance.

    Despite having previously secured a sizable investment, BluSmart’s situation illustrates how governance failures can swiftly lead to operational breakdown, with employees going underpaid and services suspended.

    Roadblocks of India’s EV Taxi Market

    Data indicates that, notwithstanding BluSmart’s issues, electric taxis have strong operational benefits, with energy costs of INR 0.82/km as opposed to INR 6.50/km for diesel vehicles. These economics contribute to the explanation of the significant future potential of the worldwide EV taxi business, which is expected to increase from $24.59 billion in 2024 to $80.77 billion by 2034.

    The problem at BluSmart, however, highlights the extremely narrow operating margins and intricate infrastructure requirements that make EV fleet operations especially susceptible to interruption. BluSmart’s fleet of 8,700 abandoned cars shows how much of its valuable assets are in danger when operations stop, leading to a series of issues that go beyond a simple outage.

    For EV fleets to succeed, dedicated charging infrastructure is still necessary. Inadequate infrastructure can lead to operational bottlenecks that can swiftly turn into major failure spots. Indian ride-hailing businesses face significant obstacles as they compete in a market worth $13.4–15 billion, which is still controlled by established players like Ola and Uber.

  • GoTrust Secures $400K Pre-Seed Funding from Aevitas Capital to Strengthen Data Compliance Offerings

    GoTrust, a leading privacy compliance and data governance startup, announced the successful closure of a $400K pre-seed funding round led by Aevitas Capital Private Limited. The funding round also saw the participation of an acclaimed Indian actor and entrepreneur, further solidifying GoTrust’s position in the data compliance industry. GoTrust is a next-generation platform for privacy, data protection, and digital trust. It helps organisations take full control of their data, stay compliant, and build customer confidence.

    The investment amount remains undisclosed, but the funding will be allocated towards accelerating product development, expanding the talented team at GoTrust, and broadening the company’s reach in both domestic and international markets. GoTrust provides businesses with tools to navigate complex data protection regulations, including features such as consent management, data mapping, and risk assessment. The platform is aimed at helping companies meet compliance standards while building customer trust.

    “We are thrilled to have the backing of Aevitas Capital at this critical stage of our journey,” said Himanshu Gautam, Founder and CEO of GoTrust. “In today’s data-driven world, privacy and compliance are paramount for every business. Our goal at GoTrust is to simplify compliance, empowering companies to focus on growth while seamlessly aligning with global privacy standards. This investment will further propel us towards achieving that mission,” he further added.

    Anurag Seth, Co-Founder and CEO of Aevitas Capital, emphasised, “We are incredibly optimistic about the evolving global privacy landscape. In a world where data privacy regulations are constantly evolving, every company, regardless of size, must have access to the right tools to navigate the fast-changing compliance landscape. GoTrust’s innovative approach positions them perfectly to meet this critical need and support businesses in adapting to the dynamic compliance requirements.”

    The investment arrives at a significant juncture marked by increasing regulatory scrutiny on data protection, propelled by frameworks like India’s Digital Personal Data Protection Act, GDPR, and CCPA. GoTrust is strategically positioned to meet this rising demand by providing user-friendly and adaptable compliance solutions tailored to organisations of varying sizes, ensuring seamless adherence to evolving data protection standards.

    About GoTrust

    GoTrust is a next-generation platform for privacy, data protection, and digital trust. It helps organisations take full control of their data, stay compliant, and build customer confidence.

    The platform integrates easily with existing systems and offers key features like automated data discovery, consent and preference management, DSR automation, compliance tracking with DPO Runbook (GDPR, CCPA, HIPAA, DPDPA), third-party risk management, and centralised policy updates. With GoTrust, businesses replace manual, scattered processes with a secure, scalable solution, reducing risk, saving time, and strengthening digital trust.

  • OpenAI Makes Waves: Sora Image Generator Now Free via ChatGPT

    The makers of ChatGPT have exciting news. OpenAI’s Sora picture generator is now available for free via ChatGPT. Now, all users have to do to create photos for free is enter a prompt using words, just like they usually do.

    The chatbot has been merged with this capability, which functions similarly to other AI tools: simply type to create photorealistic visuals. Currently, only users with a Plus or Pro subscription can generate videos, which is still a paid service.

    The tremendous processing power and complexity required to produce high-quality video material are perhaps the reasons that paywalls exist. Subscribers are able to create videos up to 20 seconds long and with a resolution of 1080p.

    By making this change, OpenAI is expanding the use of generative picture technologies, encouraging further innovation, creativity, and discovery. Powerful tools are available to users without charge, at least for photographs.

    How to Access Sora?

    Sora is easy to use; users may open it just within ChatGPT. To begin, they must create a username, which functions similarly to a social media account and serves as a public identification for sharing their creative photographs.

    Although users can save their own work, they will not be able to download other people’s work. The UI itself is simple and well-known, and it closely resembles Meta’s recently announced AI software for iOS and Android.

    These pictures are available for download; they are saved in PNG format and do not have a watermark. Nevertheless, it will continue to leave its mark on the metadata, potentially revealing that OpenAI Sora was the developer.

    Users can customise their photographs or movies created with Sora by selecting from a variety of pre-set styles, a range of aspect ratios, and the amount of variations. Film Noir, Balloon World, Pixel Art, Cartoonify, and other visually distinctive options are among them; each is intended to produce a distinct style.

    Sora has a social feed that shows user-generated photos and videos. Because of the interface’s resemblance to social media, browsing content, seeing what other people are creating, and getting creative inspiration is simple.

    Personal Media Library

    Additionally, Sora offers users a personal media library that is well-structured into categories including Uploads, Favourites, My Media, and Trash.

     Users can also group their creations under unique category names for improved content management.

    Additionally, Sora has an integrated social feed that allows users to view other people’s photos and videos. Social media apps served as inspiration for the platform’s design, which makes it simple to browse, find inspiration, and view what the Sora community is producing in real time.

  • Aerem Solutions, OMC Power Partner to Facilitate INR 200 Cr Solar Rooftop Financing for MSMEs

    ~The partnership creates the opportunity for MSMEs in Uttar Pradesh to access Solar finance through device financing~

    Aerem Solutions and OMC Power have entered into a strategic partnership to unlock INR 200 crore in financing for rooftop solar solutions targeted at India’s Micro, Small, and Medium Enterprises (MSMEs) in Uttar Pradesh. The collaboration is designed to scale solar adoption among MSMEs by providing access to affordable finance, supporting India’s transition toward a low-carbon economy. 

    Under this agreement, Aerem, through its NBFC, will enable credit facilities of INR 200 crore to OMC Power’s customers, enabling MSMEs to invest in energy-efficient solar systems with easy financing solutions. This initiative reflects both companies’ shared commitment to advancing sustainable economic growth and promoting clean energy practices, especially in underserved regions such as Uttar Pradesh.

    Mr Vikesh Agrawal, Co-founder and COO, Aerem Solutions, stated, “At Aerem, we are committed to catalysing India’s journey to a greener and low-carbon economy. This INR 200 crore credit partnership is a key step in that direction. MSMEs are central to India’s Net Zero ambitions, and by empowering them with easy access to solar financing, we are integrating sustainability into the core of our financing strategy”. 

    Mr Rohit Chandra, Managing Director and CEO, OMC Power said, “This partnership marks a major milestone in enabling MSMEs to embrace clean energy. At OMC, we believe that democratizing access to sustainable solutions is essential to India’s Net Zero future. Our collaboration with Aerem brings together complementary strengths to create real impact at the grassroots level. This initiative is expected to significantly expand the footprint of distributed solar solutions across MSMEs, supporting energy cost savings, business competitiveness, and environmental stewardship.”

    The partnership combines Aerem’s expertise in climate-focused financing with OMC Power’s deep operational presence and understanding of grassroots energy needs. Together, the two companies aim to remove financial barriers and accelerate distributed solar deployment for MSMEs across India.

    About Aerem

    Aerem is India’s pioneering end-to-end solar platform, making solar adoption simple for businesses nationwide. Through its comprehensive approach addressing financing, equipment quality, and implementation, Aerem has established itself as the leader in India’s distributed solar ecosystem. The company has enabled over 800 MW of solar capacity across India, financed 800+ projects, and built a network of 2,000+ installation partners. Aerem operates through NetZero Finance, India’s only RBI-licensed solar-focused NBFC, and SunStore, a B2B marketplace connecting solar equipment manufacturers, distributors, and installers. As “Aapka Solar Saathi,” Aerem is dedicated to transforming India’s approach to distributed solar energy while delivering exceptional returns for businesses and supporting local solar entrepreneurs.

    About OMC Power Pvt Ltd

    OMC Power Pvt. Ltd. is a pioneer in enabling the energy transition at the grassroots level. Since 2011, the company has established and operates over 500 clean energy plants, delivering reliable power to telecom towers, institutional rooftops, rural communities, and MSME customers. With a mission grounded in innovation and inclusivity, OMC continues to advance renewable energy adoption across underserved regions, empowering communities and MSMEs alike toward a more sustainable future.

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