Posted by Gurugram: Stride Green, a clean-tech asset financer and lifecycle management platform, has secured $3.5 million as part of its seed funding round, led by Micelio Technology Fund, Incubate Fund Asia, and other strategic investors.
This capital infusion will bolster Stride Green’s mission to provide innovative, tech-enabled financing and leasing solutions India’s burgeoning clean energy transition sectors, such as electric mobility, battery storage, renewable etc. With this funding round, it will expand the team, bringing in critical expertise to strengthen capabilities and support future growth.
Founded by Ishpreet Gandhi and Vivek Jain, Stride Green is on a mission to empower sustainable businesses through innovative asset management and finance solutions and data-driven insights, driving the transition to a greener economy.
Stride Green’s leasing and financing platform is impact-focused and operationally optimal. The company’s in-house technology facilitates real-time data analytics, intelligent alerts, and operational insights, enhancing asset performance and longevity.
“At Stride Green, we’re driven by deep domain expertise and a clear purpose to develop innovative and scalable solutions for the climate-tech ecosystem. We are grateful to have eco-conscious, mission-aligned partners like Micelio and Incubate, whose support empowers us on our journey to deliver bespoke, high-impact solutions for a more sustainable future,” said Vivek Jain, Co-Founder and CEO, Stride Green.
India’s clean-tech sector has witnessed a surge in investments, surpassing China in clean technology funding during the third quarter of 2024, with deals worth approximately $2.4 billion.
Stride Green is enabling the shift from fossil fuel to clean energy by equipping eco-conscious businesses with the tools to boost operational efficiency, cut emissions, and scale sustainable solutions across the clean energy value chain.
“We are very excited to partner with Stride Green to co-create the new age green financing and asset management platform to meet the needs of the evolving energy sector, electric mobility, and financial Institutions. StrideGreen, Ishpreet, and Vivek have been at the forefront of creating scalable new age financing products, very glad to support their vision and join the journey,” said Rajeev Ranka, Partner, Incubate Fund Asia.
Stride Green expects geographical and technological expansion, aiming to broaden its presence across new regions and diversify into emerging verticals within the climate technology sector.
“Stride Green’s tech-first platform addresses a critical gap between traditional financing and clean mobility’s unique needs—helping unlock significant capital for the sector. We’re excited to support this ecosystem-focused approach that aligns perfectly with our portfolio’s mission to advance the clean mobility ecosystem through strategic technology investments,” added Alok Chauhan, Principal, Micelio Technology Fund.
Stride Green’s platform is managing over 3000 cleantech assets, collaborating with major OEMs as well as logistics and mobility companies.