Climate-tech startup Stride Green raises $3.5 million led by Micelio Technology Fund, Incubate Fund Asia

Stride Green, a Haryana-based climate-tech startup, has raised $3.5 million in a seed funding round led by Micelio Technology Fund and Incubate Fund Asia, according to the company's statement on Thursday, June 5, 2025.

The company did not disclose the names of other investors who also participated in the fresh round. 

The startup will use the funding to expand the company’s platform for financing and managing clean-tech assets, including electric mobility, battery storage, and renewable energy, it said in the statement.

Founded by Ishpreet Gandhi and Vivek Jain, Stride Green provides early-stage companies with asset financing and lifecycle management solutions. The startup integrates real-time analytics and performance tracking to help businesses manage and extend the life of their clean-tech assets. Vivek Jain, co-founder & CEO, said the company is focused on building scalable, innovative solutions with the support of mission-aligned partners.

India’s clean-tech sector has been growing rapidly, surpassing China in investment volume during Q3 2024 with $2.4 billion in deals. Stride Green offers leasing and financing options tailored to the sector’s operational and financial needs. Rajeev Ranka, Partner at Incubate Fund Asia, highlighted the startup’s role in creating a new-age green financing platform to meet evolving sector demands.

Alok Chauhan, Principal at Micelio Technology Fund, said that Stride Green’s tech-first platform fills a critical gap in financing for clean mobility and unlocks capital essential for the sector’s growth.

Stride Green claims to manage over 3,000 clean-tech assets and works with OEMs and logistics firms. It plans to expand geographically and diversify into new climate-tech verticals. 

India’s clean technology sector is gaining strong momentum, driven by a combination of corporate and policy support. As large companies pursue net-zero targets, many are turning into key financiers of domestic cleantech startups. On the policy front, a wave of government initiatives has created a more supportive environment for clean energy growth. According to the International Energy Agency (IEA), India is set to experience the fastest expansion of renewable energy among major economies through the rest of the decade.

In 2024, there was a sharp uptick in public listings from over a dozen companies in the renewable energy and electric vehicle space, including solar panel maker Waaree Energies Ltd. and electric scooter manufacturer Ola Electric Mobility Ltd. Notably, NTPC Green Energy Ltd. made its market debut in November 2024, with its shares climbing more than 30 percent within the first month of trading.