Stride Green Capital | Scaling India’s commercial EV ecosystem through financing

Founded in 2024, Gurugram-headquartered Stride Green Capital Private Limited provides structured asset-leasing and financing solutions in the cleantech sector. The Stride Green team carries investment experience in the climate sector during its engagement at Stride Ventures prior to founding Stride Green.

Stride Green team leveraged this expertise to build a platform that provides capital, offers structured solutions, and provides technical underwriting. EVreporter spoke with Co-founder and CEO Vivek Jain to understand how Stride Green is addressing the capital and operational gaps in the commercial electric vehicle (EV) segment.

You raised INR 28 Crores in seed funding. How is this capital being utilised, and what is your current operational scale?

The seed round, supported by marquee investors such as Micelio Fund, Incubate Fund, and Brisk Blue, has been primarily allocated to direct asset deployment.

Currently, our assets under management exceed 5,000 units, including a leased portfolio spread across all form factors, with a focus on large form factors such as HDTs, buses, ZETs, and 4Ws (both passenger and Cargo).

Could you elaborate on your business models? How do you balance direct leasing with your platform services?

We operate through three core pillars to ensure flexibility for different stakeholders:

• Operating Lease Model: We provide EVs directly to fleet operators from our own balance sheet, serving sectors such as large corporate logistics, employee transportation services, intercity movements, mobility aggregators, e-commerce, etc.

• Platform Model: We act as a platform, sourcing and structuring cleantech transactions for a diverse set of capital providers, including public and private-sector banks, NBFCs and global Leasing Companies.

• SaaS Model: This is our proprietary technology stack that captures over 1,000 data points across assets. It provides real-time tracking, uptime insights, and early warning signals, which enhance transparency, control and efficiency for all asset owners.

Residual value risk is a major concern in EV financing. How does Stride Green mitigate this?

We employ several layers of risk mitigation.

• Real-time monitoring of driving and charging behaviour via our tech platform is critical for controlling asset health.

• Financially, we use innovative lease structures, such as a variable lease model where rentals are flexible across years thereby aligning with income generation of the asset.

• Additionally, we secure third-party buybacks and residual-value commitments to protect against residual value fluctuations.

We are seeing increased interest in heavy electric commercial vehicles. What specific use cases are you currently supporting?

We are seeing faster electrification than anticipated in the ZET and HDT category, as the Total Cost of Ownership (TCO) becomes increasingly favourable. We recently deployed 55T trucks for a leading cement manufacturer and are seeing high demand from industries like steel, ports, and mining. We have also deployed 1T to 3.2T LCVs across applications.

On the passenger 4W side, the employee transportation and ride-hailing segments are electrifying rapidly, and we are active across those fleet operations as well.

Charging infrastructure is seen as a high-risk investment. What’s your strategy?

The majority of risks associated with charging infrastructure stem from the uptime and utilisation of the chargers. These risks can be mitigated by identifying strategic locations backed by visible demand. There are high-density movement areas with predictable charging demand heat maps, which can enable favourable cost economics. Our focus is towards supporting such strategic charging infrastructure.

Looking ahead, what is Stride Green’s long-term vision beyond electric vehicles?

While we have started with the EV ecosystem because of its current maturity, our mission is to scale sustainable business solutions across the broader cleantech sector. As the market evolves, we intend to diversify into other asset classes beyond vehicles and batteries, continuing to serve as a bridge between sustainable projects and institutional capital.

This interview was first published in EVreporter Apr 2026 magazine.

Also read: Stride Green raises $3.5 million in Seed Funding round