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 FundIncubate 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. The second aspect is creating bespoke solutions, which will require some capital commitments from our side,” says cofounder and chief executive Vivek Jain.

Established in 2024 by Jain and Ishpreet Singh Gandhi, the founder and managing partner of Stride Ventures, this firm, based in Gurgaon specializes in financing, leasing solutions, data-driven insights, and strategic advisory services with a focus on climate technology.

As stated by the B2B company, its unique technology offers real-time data analytics, notifications, and operational insights, which assist in enhancing asset performance and prolonging their lifespan.

In the electrification sector, StrideGreen caters to businesses in various industries, including quick commerce, e-commerce, food delivery, traditional logistics, and employee transportation, among others. Jain mentions that the platform is currently overseeing more than 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,” Vivek adds.

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.

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Alok Chauhan, Principal, Micelio Technology Fund says, “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.”