Micelio Technology Fund and Incubate Fund Asia lead the climate-tech startup’s seed round
Gurugram-based climate-tech startup Stride Green has raised $3.5 million (approx. ₹29 crore) in a seed funding round led by Micelio Technology Fund and Incubate Fund Asia, with support from other undisclosed strategic investors. The funding is aimed at fueling the company’s mission to accelerate India’s clean energy transition through financial innovation.
Revolutionizing Clean Energy Financing
Founded in 2024 by Ishpreet Gandhi, founder of Stride Ventures, and Vivek Jain, an ex-investment banker and serial entrepreneur, Stride Green is building an integrated financing and lifecycle management platform designed for sustainable energy assets. The startup focuses on sectors such as electric mobility, renewable energy, and battery storage, which are considered critical to India’s decarbonization goals.
Stride Green provides end-to-end leasing and financing solutions for cleantech companies while also managing asset performance over their lifecycle. Its technology stack includes real-time data analytics, performance alerts, and operational dashboards, tools that help improve the longevity and ROI of expensive cleantech assets.
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Managing Over 3,000 Sustainable Assets
Currently, the platform actively manages over 3,000 clean-tech assets across India. The company works closely with OEMs (Original Equipment Manufacturers), logistics partners, and fleet operators, enabling them to adopt electric vehicles (EVs) and sustainable power systems with reduced upfront capital burden.
According to co-founder Vivek Jain, “Stride Green was conceptualized to solve a deep financial bottleneck in the climate-tech ecosystem. Businesses looking to deploy clean energy solutions often lack access to fast, asset-level capital. That’s the problem we’re fixing.”
Plans for Expansion and Platform Enhancement
The $3.5 million raised will be utilized for:
- Team expansion to scale operations across metro and Tier 2 cities
- Enhancing its proprietary technology platform to handle larger portfolios
- Expanding into verticals like battery energy storage, solar power, and e-mobility charging infrastructure
The company also plans to extend its financing footprint to underserved sectors that struggle to access formal climate capital.
“India’s transition to clean energy requires more than just infrastructure, it demands accessible and scalable financing solutions,” said Rhea Mazumdar Singhal, Partner at Micelio Technology Fund. “We believe Stride Green is well-positioned to unlock the full potential of this ecosystem.”
Support from Leading Investors
The lead investors in the round, Micelio Technology Fund and Incubate Fund Asia, are known for backing sustainable and early-stage technology ventures.
- Micelio has previously invested in startups like Ultraviolette and Battery Smart, both of which are critical players in India’s electric mobility transition.
- Incubate Fund Asia brings significant experience from the Japanese market and has supported startups in cleantech and digital finance globally.
Their participation underscores growing investor confidence in financing models tailored for India’s fast-evolving energy infrastructure.
$500 Million in Asset Financing Goal
Stride Green aims to facilitate over $500 million in asset-level financing within the next 18 to 24 months, as part of its long-term roadmap. The company believes that sustainable asset deployment will not be possible without accessible leasing and credit models at the enterprise and MSME level.
According to Clean Technica and NITI Aayog’s 2023 reports, India requires more than $300 billion in private investments to meet its clean energy targets by 2030. Startups like Stride Green are playing a pivotal role in mobilizing this capital efficiently.
India’s Climate-Tech Sector Sees Investor Optimism
The announcement comes amid a surge of investor activity in India’s climate-tech and sustainability sector. In 2024 alone, cleantech startups raised over $2.5 billion in venture capital, according to data from Tracxn.
Companies such as Battery Smart, Euler Motors, and Renew Power are attracting record capital as India pushes to electrify transport and improve energy efficiency.
Stride Green’s model differs by targeting the financing infrastructure, rather than product development. This B2B2C approach, serving businesses that serve end users, positions the startup uniquely within the ecosystem.
Looking Ahead
Stride Green’s successful funding round represents a key moment in the evolution of India’s green finance ecosystem. With strategic backing, a strong leadership team, and a clear mission, the company is well-poised to catalyze widespread adoption of clean energy assets. As India marches toward its 2070 net-zero target, enabling financial access at the asset level may prove just as vital as building the technology itself.
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