Vietnam-Based Solar Cleantech Platform Gets US$2 Million Backing in Seed Round

Clime Capital and Touchstone Partners announced a joint investment into Stride, an innovative cleantech company operating in Vietnam with a mission to accelerate Vietnam’s low-carbon transition.

Stride helps residential and small business consumers take the next step toward a clean energy future with an affordable, transparent, and simple way to pay for eco-friendly home improvement projects and solar installations at the point of sale with 0% interest.

The cleantech firm provides households and small businesses with eco-friendly home improvement projects, smart home technology, energy-efficient products and access to solar energy.

In the last two years, Stride has experienced rapid growth as the first company in Vietnam to offer low, upfront-cost financing, complimentary insurance, independent quality assurance, and a streamlined online consumer onboarding process.

Stride has received increasing interest from residential and small business consumers who want to shift to lower-cost clean energy to reduce energy costs. Stride addresses this interest with a commercial solution that removes the barrier to high up-front costs.

Andrew Fairthorne, Chief Executive Officer at Stride, said, “Stride is excited to partner with Clime Capital and Touchstone Partners to support Vietnam’s low carbon transition. The investment enables Stride to accelerate its deployment of clean energy solutions to more households and small businesses across Vietnam, thus reducing their energy expenses and assisting Vietnam in achieving its net zero targets.”

Tu Ngo, General Partner at Touchstone Partners added: “Stride is enabling more people to contribute to Vietnam reaching its goal of becoming carbon net neutral and, just as importantly, save money on their own electricity costs in the process.”