Stride powers up with $2m injection to drive clean energy adoption in Vietnam

Photo credit: Stride

Cleantech firm Stride has raised US$2 million in seed funding from Touchstone Partners and Clime Capital.

Incorporated in Singapore but operating in Vietnam, the startup helps small businesses and households adopt clean energy through solar installations, energy-efficient products, smart home tech, and eco-friendly home improvements.

Funding details

• Funding amount: US$2,000,000
• Other investors: Clime Capital, Touchstone Partners
• Stage: Seed
• Source

This financing comes as Vietnam approves the Power Development Plan 8, which aims to encourage more businesses and homes to use solar energy systems.

Stride looks to use the fresh funds to accelerate and scale the deployment of its solution to more consumers.

The barrier to accessing alternative energy is often the costs associated with installation of related products, and Stride aims to remove this roadblock. It provides upfront-cost financing with zero interest at the point of sale, making it easier for consumers to shift to greener, lower-cost energy.

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