Source: Entrackr
Gurugram, India – Stride Green, a climate-tech startup that focuses on clean energy, has announced that it has completed a seed funding round of $3.5 million. The funding round was led by Micelio Technology Fund and Incubate Fund Asia, with strategic investors participating as well.
Stride Green will apply this funding to expand its team, enhance its technology, and scale its services across clean energy sectors, which in India include electric mobility, battery storage, and renewable energy.
Stride Green is a company created by founders Ishpreet Gandhi and Vivek Jain, which provides financing and asset management services for sustainable businesses. They help clean energy businesses acquire the tools and resources that are needed to operate and grow effectively.
Stride Green also has its own technology platform to give businesses insights and alerts in real-time about how to continue operating their clean energy assets – everything from electric vehicles to solar batteries. Their platform seeks to help keep your clean energy assets operating efficiently while maximizing their value and lifespan.
Thus far, Stride Green has managed more than 3,000 clean energy assets. Working with equipment manufacturers and logistics companies to sell leasing and finance options, Stride Green effectively aids businesses’ scale and helps them deploy less capital upfront.
With the new capital raise, Stride Green plans to continue to expand with new geographies and provide additional services for adjacent sectors that the founders believe will further position Stride Green as a key player in India’s burgeoning clean energy market.
As India seeks to reduce pollution and transition towards a more sustainable future, it is looking for many more clean energy options. Startups such as Stride Green can be reliable partners in this effort by providing tools and financing to make clean energy technologies more accessible and less expensive.
This funding round has highlighted that the investors are starting to gain the confidence to invest in businesses that are creating climate-friendly solutions. As climate change awareness increases, businesses with feasible and scalable green solutions are being sought after, creating more interest and funding opportunities.
Stride Green’s future looks promising, as it hopefully concedes an even bigger part in supporting India with its clean energy ambitions, making it possible for companies to go green, one step at a time.
With steadily improving investor confidence in the market and strong demand for sustainable solutions, Stride Green has the potential to create real momentum within the climate-tech sector.
