Stride Green Raises $3.5Mn Seed Fund From Micelio, Incubate, Others

Stride Green, a climate-tech-focused asset financing and lifecycle management platform, has raised $3.5 million as part of its Seed Funding Round, led by Micelio Technology Fund, Incubate Fund Asia, and other strategic investors. Founded by Ishpreet Gandhi & Vivek Jain, Stride Green intends to empower sustainable businesses through innovative asset management and finance solutions and data-driven insights, driving the transition to a greener economy.

This infusion of the latest capital is set to bolster Stride Green’s goal to provide innovative, tech-enabled financing and leasing solutions tailored for India’s burgeoning clean energy transition sectors, such as electric mobility, battery storage, renewable, etc. The funds will also be used to expand the team, bringing in critical expertise to strengthen capabilities and support future growth.

Stride Green provides an end-to-end leasing and financing platform that aims to support industries with early-stage clean technologies that are usually not able to find growth capital and scalability in operations. The company’s in-house technology facilitates real-time data analytics, intelligent alerts, and operational insights, enhancing asset performance and longevity.

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 this shift by equipping eco-conscious businesses with the tools to boost operational efficiency, cut emissions, and scale sustainable solutions across the clean energy value chain. Stride Green’s platform is already managing over 3000 cleantech assets, and collaborating with major OEMs as well as leading logistics and mobility companies. It aims for geographical and technological expansion to broaden its presence across new regions and diversify into emerging verticals within the climate technology sector.

Leadership View

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. Stride Green, 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.”

 

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.”

Alok Chauhan, Principal, of Micelio Technology Fund, added, “At Micelio, we have held a strong belief that the transition to clean mobility requires specialized financing infrastructure that can evolve with innovation. 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.”