3 days ago
Cleantech asset financier StrideGreen raises $3.5 million from Micelio Tech Fund, Incubate Fund Asia
StrideGreen
, a climate-tech focused asset financing and management platform, has raised $3.5 million in a funding round led by the
clean mobility
focused
Micelio Technology Fund
.
The round also saw early-stage venture capital firm
Incubate Fund Asia
participate.
The funds will be used to strengthen StrideGreen's product offerings and expand its team.
'Largely, the deployment is focused on bringing expertise into the system. This could be in the form of talent, technology, or various new initiatives that we are currently exploring,' cofounder and chief executive Vivek Jain told ET. 'The second aspect is creating bespoke solutions, which will require some capital commitments from our side.'
Founded in 2024 by Jain and founder and managing partner of Stride Ventures Ishpreet Singh Gandhi, the Gurgaon-based firm provides climate-tech-focused financing, leasing solutions, data-driven insights, and strategic advisory services.
According to the business-to-business (B2B) firm, its proprietary technology enables real-time data analytics, alerts, and operational insights, helping improve asset performance and extend their lifespan.
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In the electrification space, StrideGreen serves businesses across sectors such as quick commerce, ecommerce, food delivery, traditional logistics, and employee transportation, among others. According to Jain, the platform currently manages over 2,500 assets.
'The clean energy transition is something we are actively exploring. We've started with electric mobility, are moving into battery storage, and are entering the renewable energy space,' Jain added. It will expand these verticals in the next three to four quarters.
India's clean-tech sector has seen a rise in investments, surpassing China in clean technology funding in the third quarter of 2024, with deals totalling around $2.4 billion, it said.
Commenting on the investment, Alok Chauhan, Principal, Micelio Technology Fund said, 'The transition to clean mobility requires specialised 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.'
