Cleantech asset financier StrideGreen raises $3.5 million from Micelio Tech Fund, Incubate Fund Asia

The spherical additionally noticed early-stage enterprise capital agency Incubate Fund Asia take part.

The funds will likely be used to strengthen StrideGreen’s product choices and increase its workforce.

“Largely, the deployment is targeted on bringing experience into the system. This might be within the type of expertise, expertise, or varied new initiatives that we’re presently exploring,” cofounder and chief government Vivek Jain informed ET. “The second facet is creating bespoke options, which would require some capital commitments from our aspect.”

Based in 2024 by Jain and founder and managing accomplice of Stride Ventures Ishpreet Singh Gandhi, the Gurgaon-based agency gives climate-tech-focused financing, leasing options, data-driven insights, and strategic advisory companies.

In response to the business-to-business (B2B) agency, its proprietary expertise allows real-time knowledge analytics, alerts, and operational insights, serving to enhance asset efficiency and lengthen their lifespan.

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Within the electrification area, StrideGreen serves companies throughout sectors equivalent to fast commerce, ecommerce, meals supply, conventional logistics, and worker transportation, amongst others. In response to Jain, the platform presently manages over 2,500 property.“The clear power transition is one thing we’re actively exploring. We’ve began with electrical mobility, are transferring into battery storage, and are getting into the renewable power area,” Jain added. It can increase these verticals within the subsequent three to 4 quarters.

India’s clean-tech sector has seen an increase in investments, surpassing China in clear expertise funding within the third quarter of 2024, with offers totalling round $2.4 billion, it stated.

Commenting on the funding, Alok Chauhan, Principal, Micelio Know-how Fund stated, “The transition to scrub mobility requires specialised financing infrastructure that may evolve with innovation. Stride Inexperienced’s tech-first platform addresses a vital hole between conventional financing and clear mobility’s distinctive wants—serving to unlock important capital for the sector.”