Stride, a cleantech company focused on facilitating the transition to low carbon solutions in Vietnam, has secured a joint investment from Clime Capital and Touchstone Partners.
The company provides households and small businesses with affordable eco-friendly home improvement projects and access to solar energy with 0% interest.
Known for its innovative business model, Stride has gained traction as the first company in Vietnam offering low upfront-cost financing, complimentary insurance, independent quality assurance, and a simplified consumer onboarding process.
Its growth in the past two years is indicative of increasing interest from residential and small business consumers keen on shifting to lower-cost clean energy solutions.
Stride CEO Andrew Fairthorne expressed his excitement about the partnership with Clime Capital and Touchstone Partners, stating that the funding will enable Stride to accelerate its deployment of clean energy solutions across Vietnam, which will help reduce energy expenses and assist the country in achieving its net-zero targets.
Joshua Kramer, CIO at Clime Capital, expressed his confidence in the investment, pointing out that Stride’s initiative reduces barriers to the adoption of clean energy solutions like rooftop solar installations, thus enabling customers to save money while reducing their carbon footprint.
Tu Ngo, General Partner at Touchstone Partners, emphasized the firm’s commitment to investing in startups that address climate change. “By making green energy projects for households and small businesses more accessible and affordable, Stride is enabling more people to contribute to Vietnam reaching its goal of becoming carbon net neutral,” he added.
The investment into Stride aligns well with Vietnam’s Power Development Plan 8, which encourages homes and businesses to install solar systems for self-consumption. This move underscores the relevancy and timeliness of Stride’s solutions in the country’s broader transition to sustainable energy.