Stride Green, a platform focused on asset financing and lifecycle management for climate-tech sectors, has raised US$3.5 million in a seed funding round.

The round was led by Micelio Technology Fund and Incubate Fund Asia, along with other strategic investors.

The company plans to use the funds to expand its team and improve services in clean energy sectors like electric mobility, battery storage, and renewable energy.

Founded by Ishpreet Gandhi and Vivek Jain, Stride Green provides financing and leasing solutions to support operational efficiency in India’s clean energy transition.

The company currently manages over 3,000 clean-tech assets and partners with OEMs and logistics firms to promote sustainable solutions.

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🔗 Source: Stride Green

🧠 Food for thought

1️⃣ India emerges as a cleantech investment powerhouse amid global energy transition

Stride Green’s $3.5 million seed funding reflects India’s rapidly accelerating position in the global cleantech landscape.

India surpassed China in clean technology funding during Q3 2024 with deals worth approximately $2.4 billion, demonstrating the country’s growing prominence in sustainable investment1.

The nation has attracted $19.98 billion in Foreign Direct Investment for renewable energy from April 2020 to September 2024, creating a robust foundation for startups like Stride Green2.

This investment surge aligns with India’s ambitious national goals to achieve 500 GW of non-fossil fuel capacity by 2030, creating significant market opportunities for specialized financial service providers3.

The timing of Stride Green’s entry is strategic, as India’s installed renewable energy capacity continues its rapid expansion, having already reached 40% of the country’s total power capacity2.

2️⃣ Specialized financing platforms address unique capital challenges in cleantech deployment

Stride Green’s business model targets a critical gap in the cleantech ecosystem where traditional financing models often fail to meet the sector’s unique requirements.

Capital-intensive cleantech projects typically face longer development cycles and technology risk profiles that conventional lenders struggle to accommodate, creating financing bottlenecks4.

This financing gap is particularly acute for early-stage clean technologies that struggle to find growth capital despite their environmental benefits. Stride Green aims to solve this issue with its leasing platform5.

The company’s approach of combining asset financing with lifecycle management addresses both upfront cost barriers and operational challenges that have historically slowed cleantech adoption in emerging markets.

By managing over 3,000 cleantech assets already, Stride Green demonstrates the practical market demand for specialized financial infrastructure that can scale alongside India’s clean energy transition.

3️⃣ Asset leasing models unlock scalability for capital-intensive green technologies

Stride Green’s asset leasing approach represents a significant shift in how cleantech deployment can be accelerated without requiring massive upfront capital from end users.

The leasing model helps overcome adoption barriers by converting large capital expenditures into manageable operational expenses, similar to how software-as-a-service revolutionized technology adoption.

For electric mobility specifically, where Stride Green focuses, leasing addresses both the higher upfront costs of vehicles and the uncertainty around battery lifespans that typically concern potential adopters.

The company’s emphasis on data analytics for asset performance monitoring adds another layer of value, potentially extending equipment lifespans and improving returns on investment for all stakeholders in the clean energy value chain.

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