Stride Green raises $3.5 million in Seed Funding round • EVreporter

Stride Green, an asset financing and lifecycle management platform focused on climate technology, has raised $3.5 million in its Seed Funding Round. The round was led by Micelio Technology Fund and Incubate Fund Asia, with participation from other investors. The funding will be used to enhance Stride Green’s financing and leasing offerings and to expand its team.

Founded by Ishpreet Gandhi and Vivek Jain, Stride Green offers asset management and finance services for sectors such as electric mobility, battery storage, and renewable energy. The company provides a leasing and financing platform designed for early-stage clean technologies. Its proprietary technology supports real-time analytics, operational monitoring, and asset management.

Vivek Jain, Co-Founder & CEO, Stride Green, stated, “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 has seen increased investment activity, with funding reaching $2.4 billion in the third quarter of 2024. Stride Green provides services intended to support businesses operating within this sector. Stride Green plans to expand its operations geographically and enter new segments within climate technology.

Rajeev Ranka, Partner at 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.”

Alok Chauhan, Principal at Micelio Technology Fund, commented, “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. 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.”

Stride Green currently manages over 3,000 clean technology assets and works with original equipment manufacturers and mobility and logistics companies.

Also read: Stride Green plans $500M in asset financing for EV and climate-tech businesses