Stride Green, a climate-tech asset financing and lifecycle management platform, has raised $3.5 million in a seed funding round led by Micelio Technology Fund and Incubate Fund Asia, along with other strategic investors.
The company stated the funds will be used to expand its tech-enabled financing and leasing solutions for India’s clean energy transition sectors, including electric mobility, battery storage and renewables. Stride Green also plans to grow its team to support future operations.
Founded by Ishpreet Gandhi and Vivek Jain, the company provides an end-to-end leasing and financing platform for sustainable businesses. Its in-house technology offers real-time data analytics and operational insights to improve asset performance.
Vivek Jain, Co-Founder & CEO of Stride Green, said: “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.”
India’s clean-tech sector saw investments worth $2.4 billion in Q3 2024, surpassing China in clean technology funding during that period. Stride Green said it aims to support this shift by helping businesses improve operational efficiency and reduce emissions.
Rajeev Ranka, Partner, Incubate Fund Asia, said: “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.”
The company plans to expand geographically and diversify into emerging climate-tech verticals. Currently, it manages over 3,000 cleantech assets and works with major OEMs, logistics and mobility firms.
Alok Chauhan, Principal, Micelio Technology Fund, said: “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.”
The funding comes as India’s clean energy sector continues to attract investor interest, driven by government policies and increasing demand for sustainable solutions. Stride Green’s model aims to bridge financing gaps for early-stage climate technologies seeking scalability.
