Stride Green

Stride Green is a climate-tech platform revolutionizing asset financing and lifecycle management for sustainable businesses. Co-founded by Ishpreet Gandhi and Vivek Jain, the company addresses critical gaps in India’s green transition by offering tech-enabled financial solutions for electric mobility, renewable energy and circular economy sectors.

Core Products and Services

• EV Financing & Leasing: Customized loans and lease agreements for electric vehicles (2W, 3W, 4W, trucks), featuring competitive rates and flexible tenures.

• Asset Lifecycle Management Platform: AI-driven tools for real-time tracking, maintenance scheduling and residual value estimation (e.g., battery health analytics).

• Green Project Financing: Tailored solutions for solar installations, battery storage systems and waste management infrastructure.

• Consulting Services: ESG compliance advisory, carbon footprint analysis and circular economy transition strategies.

Key Milestones

• 2024: Secured partnerships with top OEMs (Tata Motors, Mahindra, Ola Electric) and facilitated $120M+ in green finance.

• 2025: Raised $3.5M seed funding led by Micelio Technology Fund and Incubate Fund Asia.

• 2025: Managed 3,000+ cleantech assets and facilitated 10M+ “green kilometers” through EV fleets.

Business Model & Revenue Streams

• Financing Fees: The primary revenue driver, accounting for approximately 60% of total income. Stride Green earns interest margins (typically 9–14% per annum) on loans provided for electric vehicles, renewable energy assets and other sustainable infrastructure.

• Leasing Income: About 25% of revenue comes from monthly lease payments on EVs and other green assets. This model provides predictable, recurring income and appeals to fleet operators and logistics firms.

• SaaS Platform Fees: Roughly 10% of revenue is generated from tiered subscription fees for access to Stride Green’s asset lifecycle management platform, which offers AI-powered analytics, predictive maintenance and performance tracking.

• Consulting Services: The remaining 5% of revenue is derived from project-based consulting fees. These services include ESG compliance advisory, carbon footprint analysis and circular economy transition strategies for clients.

Customer Segmentation 

• B2B (95%): Fleet operators, OEMs, renewable energy developers and logistics firms.

• B2C (5%): Individual EV buyers through OEM partnerships.

Top Clients & Partnerships

1. Strategic Clients:

• Tata Motors: Financing for commercial EV fleets.

• Ola Electric: Leasing solutions for electric scooters.

• Zomato/Amazon: EV fleet financing for last-mile delivery.

• LOHUM: Battery recycling value-chain integration.

2. Key Partnerships:

• Micelio Technology Fund: Strategic investor and ecosystem partner for EV innovation.

• Incubate Fund Asia: Growth capital for Southeast Asia expansion.

• Bajaj Finance: Co-lending arrangements for retail EV buyers.

Future Outlook & Strategic Priorities

• Product Expansion: Launching green hydrogen project financing and carbon credit monetization tools by 2026.

• Geographic Reach: Targeting $500M in facilitated financing across India and Southeast Asia by 2027.

• Tech Innovation: Integrating blockchain for asset tokenization and secondary market trading.

• Regulatory Shifts: Evolving EV subsidy policies and Basel III norms for green loans.

• Competition: Pressure from IREDA and new entrants like Ecofy.

• Tech Debt: Scaling proprietary algorithms while maintaining low default rates (<2.1%).