Clime Capital and UOB Venture Management, alongside Touchstone Partners, have completed a Series A equity investment in Vietnam-based cleantech company Stride to enhance clean energy access for residential and SME customers.

Information on the Target

Stride is a pioneering cleantech company based in Vietnam that specializes in delivering affordable clean energy solutions, specifically tailored for residential and small-to-medium enterprise (SME) customers. By leveraging its innovative platform, Stride combines customized financing, advanced technology, and quality assurance measures to simplify the adoption of rooftop solar systems and battery energy storage solutions. This strategic approach allows Stride to remove significant barriers to entry for potential clients, enabling greater access to renewable energy resources.

Through strategic partnerships with a broad network of solar installers, Stride is witnessing rapid growth. Their proprietary digital platform ensures that homeowners and SMEs receive top-quality solar installations, enhancing the overall customer experience while promoting sustainable energy practices across Vietnam.

Industry Overview in Vietnam

Vietnam is undergoing significant developments in its energy sector, driven by the necessity to meet rising electricity demands for economic growth. The Ministry of Industry and Trade (MoIT) is actively revising the Power Development Plan VI