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  • Musk-Trump Fallout Jeopardizes $22 Billion in SpaceX Contracts

    As his feud with President Donald Trump erupts into open warfare, Elon Musk has threatened to shut down SpaceX’s Dragon spacecraft, NASA’s only US astronaut carrier. This move will set off a spiralling crisis that could ground American spaceflight, derail moon missions, and jeopardise $22 billion in government contracts.

     What started out as a disagreement about Trump’s tax and spending plan has turned into a high-stakes confrontation with implications for the entire country.

    The CEO of SpaceX responded to Trump’s public suggestion that federal contracts with Musk’s businesses might be terminated by announcing plans to “decommission” the Dragon spacecraft, which is now NASA’s primary way of transporting humans to and from the International Space Station.

    The $5 billion contract for the capsule is essential to maintaining American access to space. NASA’s orbital footprint would be reduced, and future missions would be in jeopardy if it were to depend on Russia’s ageing Soyuz spacecraft.

    While providing no details, NASA press secretary Bethany Stevens stated that the agency will keep collaborating with commercial partners to make sure the president’s space goals are achieved.

    NASA to Take a Massive Hit

    Active contracts worth about $22 billion are at risk. These include intelligence payloads, high-priority Pentagon satellite launches, and Musk’s Starship system, which NASA has chosen to use for the Artemis III mission, which aims to land humans on the moon.

     Four astronauts currently on the ISS might still fly home if Musk cancels Dragon, but NASA wouldn’t have a means to send replacements right away.

    There are still delays with Boeing’s Starliner. Other options such as Northrop Grumman’s Cygnus and Sierra Space’s Dream Chaser remain untested or marginalised. Even NASA’s 2030 ISS retirement plan is currently in jeopardy. The vehicle that will safely deorbit the station is being built by SpaceX.

    Experts Calling Musk Rogue

    The danger posed by Musk goes well beyond low-Earth orbit. SpaceX rockets are essential to America’s upcoming moon landing, transport national security payloads, and launch secure Starlink satellites for military communications.

    Timelines fall apart in their absence. According to reports, Justus Parmar, CEO of SpaceX investor Fortuna Investments, said there is little doubt it will lead to a large loss of money and missed contract possibilities.

    More bluntly, former NASA Deputy Administrator Lori Garver was cited as saying that it is unacceptable for a rogue CEO to threaten to decommission spacecraft, endangering the lives of astronauts. With a steep 14.26% drop, Tesla’s shares (TSLA) fell to $284.70, down $47.35 from its previous close of $332.05. The stock fluctuated a lot over the day, going from a low of $273.42 to a high of $324.55.

  • Dassault Strikes Landmark Fighter Jet Deal with Tata for Made-in-India Boost

    The signing of four Production Transfer Agreements by Dassault Aviation and Tata Advanced Systems Limited to manufacture the fuselage of the Rafale fighter aircraft in India represents a major advancement in the nation’s aerospace manufacturing capacity and support for international supply chains.

    This facility will be a vital hub for high-precision production and marks a substantial investment in India’s aerospace infrastructure.

    As part of the collaboration, Tata Advanced Systems will establish a state-of-the-art production plant in Hyderabad to produce the Rafale’s main structural components, such as the front section, the central fuselage, the entire rear section, and the lateral shells of the rear fuselage.

    The First Fuselage to be Rolled Out by 2028

    Up to two complete fuselages per month are anticipated to be delivered by the factory, with the first fuselage pieces anticipated to come off the assembly line in FY2028.

    Rafale fuselages will be manufactured outside of France for the first time, according to Eric Trappier, chairman and CEO of Dassault Aviation.

    “This is a significant step towards fortifying our Indian supply chain. This supply chain will let the Rafale ramp up successfully and, with our help, will satisfy Dassault’s quality and competitiveness standards because of the growth of Dassault’s local partners, including TASL, one of the leading companies in the Indian aerospace sector,” Trappier added further.

    This collaboration represents a major milestone in India’s aerospace development, according to Sukaran Singh, CEO and Managing Director of Tata Advanced Systems Limited.

    The fact that the entire Rafale fuselage is being produced in India demonstrates the strength of our partnership with Dassault Aviation and the growing confidence in Tata Advanced Systems’ abilities.

    It also shows how far India has come in building a strong, contemporary aerospace manufacturing sector that can support international platforms.

    In 2028, the first fuselage segments will leave the Hyderabad production line. Monthly delivery of two complete fuselages is the aim.

    The Rafale’s last assembly is carried out at Dassault’s manufacturing plant in Merignac, close to Bordeaux, France.

    In 2018, the Indian Air Force issued a Request for Information (RFP) to foreign manufacturers to start the process of acquiring 114 modern fighter jets to replenish its dwindling squadron strength.

    Further Strengthening Make in India Initiative

    Dassault Aviation’s steadfast dedication to India’s “Make in India” and AtmaNirbhar programmes is demonstrated by the signing of these contracts.

    This collaboration supports India’s objective of increased economic independence while solidifying its place as a major participant in the global aerospace supply chain.

     India cancelled its 2007 Medium Multi-Role Combat Aircraft (MMRCA) contract for 126 aircraft in 2015 and instead purchased 36 Rafales from France in a government-to-government agreement worth $7.8 billion in 2016.

    The IAF now only has roughly 31 squadrons, which is insufficient to meet its operational needs to protect airspace near the Chinese and Pakistani borders, although it has the authority to deploy 42 squadrons (18 aircraft each).

  • Daily Indian Funding Roundup: June 4-5, 2025

    The startup ecosystem continues to thrive with significant funding activities across diverse sectors in the first week of June 2025. From aviation infrastructure and fintech to sustainable energy and emerging sports leagues, investors are backing innovative ventures that promise growth and transformation. This daily funding roundup covers the key investments announced on June 4 and 5, highlighting the fresh capital flowing into promising startups and established firms alike.

    Adani Airports Secures $750 Million from International Bank Consortium

    Adani Airports has raised $750 million through a consortium of international banks. This funding is expected to support the expansion and modernisation of their airport infrastructure across India, strengthening the company’s position in the aviation sector.

    The Tarzan Way Raises INR 2 Crore in Seed Funding to Scale Operations

    The Tarzan Way, an AI-powered travel tech platform redefining how the world travels, has raised INR 2 crore in a funding round led by Inflection Point Ventures. The funds will be utilised for product development (35%), operational streamlining (25%), marketing (20%), HR and admin (15%), and miscellaneous expenses (5%). The round also saw participation from Your Trips Limited (UK-based travel company), Prateek Maheshwari (Founder at PhysicsWallah) and other angel investors.

    Stride Green Raises $3.5 Million in Seed Round

    Stride Green, an environmental tech startup working on sustainable energy solutions, has secured $3.5 million in a seed funding round. The capital will help the company enhance its green technology offerings and grow its team.

    LoanTap Raises INR 74 Crore in Pre-Series C Funding

    Fintech platform LoanTap has raised INR 74 crore in its pre-Series C funding round. The funds will be allocated towards product innovation and expanding its customer base in the consumer lending space.

    Plush Raises INR 40 Crore in Growth Round

    Luxury home rental startup Plush has secured INR 40 crore in a growth funding round. This capital injection aims to boost market expansion and improve its technology infrastructure.

    Atlanture Sports Raises INR 21 Crore to Develop Real Kabaddi League

    Backed by Rannvijay Singha, Atlanture Sports has raised INR 21 crore to further develop and promote the Real Kabaddi League. The investment will support league operations, marketing, and talent development.

    True Diamond Secures INR 26 Crore in Pre-Series A Funding

    Lab-grown diamond jewellery brand True Diamond has raised INR 26 crore in a pre-Series A round. The funding is intended to expand product lines and enhance brand presence in the jewellery market.

    Khari Foods Raises INR 3 Crore in Seed Round

    Food tech startup Khari Foods, specialising in sustainable and healthy snack options, has raised INR 3 crore in its seed funding round to enhance product development and scale operations.

    Daily Indian Funding Roundup – June 3, 2025
    The funding space in India witnessed another active day. Here’s a breakdown of the most noteworthy funding updates from 3rd June 2025.
    StartupTalkyStartupTalky News

  • TRAI Turns Down COAI’s Plea to Revisit Satcom Spectrum Recommendations

    According to reports, TRAI turned down the COAI’s request to examine its suggestions for satcom spectrum. Following a thorough and open consultation process, the Centre has received recommendations pertaining to spectrum.

    Telecom companies disregarded TRAI’s suggestion earlier this month that satellite spectrum be billed at 4% of AGR. According to reports, the Cellular Operators Association of India (COAI) asked the Telecom Regulatory Authority of India (TRAI) to review its satcom spectrum proposals, but the TRAI denied the request, stating that the consultation process was comprehensive and open.

    According to a media report that cited sources, the Centre received the spectrum recommendations following a thorough and open consultation procedure. All stakeholders had plenty of opportunity to voice their opinions throughout the consultation.

    The TRAI’s recommendation that satellite spectrum be priced at 4% of adjusted gross revenue (AGR) was apparently disregarded by major telecom companies just days prior. The TRAI’s spectrum pricing action was seen by the telcos to be unjustly cheap and predicated on false assumptions.

    TRAI Not Providing Level-Playing Field: COAI

    A few days ago, the COAI, which is made up of Bharti Airtel, Reliance Jio, and Vodafone Idea (Vi), wrote to DoT Secretary Neeraj Mittal to argue that TRAI’s recommendations do not provide equal opportunities for satellite operators and conventional terrestrial service providers.

    The TRAI’s pricing change, according to telecom businesses, would unfairly benefit satellite providers while jeopardising the viability of conventional terrestrial services.

    Satellite firms contend that the regulator’s plan for differential pricing for satellite spectrum is meant to equalise the playing field between satcom and terrestrial broadband providers, refuting telecom companies’ assertions to the contrary.

    They view higher spectrum fees and varying pricing for urban and rural areas as ways to establish competitive parity.

    Because of the capacity and latency benefits of satellite services, satcom providers see the regulator’s actions as a means of ensuring competitive fairness between satellite and terrestrial services, according to media sources.

    TRAI’s Response

    The TRAI responded that its recommendations were the outcome of a comprehensive consultation process that incorporated input from a diverse array of industry actors, such as satellite operators, telecommunications service providers, and other stakeholders.

    The agency claimed that by increasing connectivity alternatives, their strategy will eventually benefit consumers by promoting innovation and competition. Given the ongoing evolution of satellite communication, the ruling is anticipated to have a substantial impact on India’s telecom environment.

    Terrestrial network providers are expected to keep pushing for regulations that safeguard their market position, even though satellite operators may appreciate TRAI’s clarity.

    All eyes will be on the sector as it navigates these changes to see how India’s quickly changing digital economy maintains a balance between innovation, competition, and fair market practices.

  • Zepto Hits the Brakes on IPO, Eyes 2026 Launch!

    Zepto postponed its initial public offering plans by a year. This puts the fast commerce giant in line with companies like Zetwerk, OYO, and PayU India, who similarly use a wait-and-watch tactic before parking on D-Street.

    Zepto, notably, raised the size of the public offering from $450 million to $800 million to $1 billion. Zepto is reportedly trying to lower its capital burn and enhance its profit profile before going public, even though unfavourable markets are partially to blame.

    Aadit Palicha, the CEO and cofounder of Zepto, has, however, made it clear that the company would submit its DRHP to SEBI later this year, suggesting a listing in 2026. Zepto has good reason to be concerned.

    Despite operating sales of INR 4,454.52 Cr, up 2X YoY, the company recorded a loss of INR 1,248.64 Cr in FY24. The company has had to invest extensively in constructing additional warehouses, expanding into new areas, and providing discounts to attract and keep clients as a result of the escalating rapid commerce battles, which have eaten into this solid top line.

    Not the Right Time to go Public

    Given that Zepto has recently been involved in a number of issues, the timing also appears to be a little off. The company’s reputation has also been damaged by a number of things, such as the cancellation of the food business licence for its Dharavi warehouse in Mumbai due to significant food safety violations.

    Apart from that, the closure of 44 Zepto Cafe warehouses because of supply chain issues, an increase in complaints, a possible antitrust case, the use of dark patterns, and the auto-activation of ad campaigns for dormant brands without the seller’s permission.

    Like many others, Zepto is postponing its D-Street drive in light of the current situation.

    Building its IPO Syndicate

    Zepto is in the advanced stages of finishing its IPO syndicate and selecting more bankers, even though its IPO timeline is a few months off. According to a news report, JM Financial and Motilal Oswal have joined the IPO syndicate.

    According to a well-known media organisation, these two are the other names in addition to Goldman Sachs, Morgan Stanley, and Axis Capital. The business had previously planned to raise $400–500 million for its IPO, but now it hopes to raise about $800 million.

    Another probable reason Zepto is delaying its IPO is because it is feeling more at ease with its domestic shareholding pattern.

    According to reports, domestic shareholders currently possess 43–44 per percent of Zepto, and the company is optimistic that it will have a majority Indian ownership by the time of its IPO or soon before.

    Zepto is probably going to look into raising a sizable sum of money from foreign investors on the private market in the interim.

  • Microsoft Taps LinkedIn Chief Roslansky to Lead Office Division!

    According to media reports, Microsoft is assigning Ryan Roslansky, the CEO of LinkedIn, a more significant position that will involve managing Office productivity tools.

    As per reports, Roslansky, who took over LinkedIn five years ago, is going to be the executive vice president of Office. He will be answering to Rajesh Jha, the executive vice president for experiences and devices at Microsoft.

    Microsoft CEO Satya Nadella notified staff members of the move via email on 4 June. According to the source, Roslansky will still answer to Nadella in his capacity as CEO of LinkedIn.

    After bringing in over $17 billion in revenue in the previous year, LinkedIn, which Microsoft purchased for $27 billion in 2016, will continue to function as a subsidiary. Prior to joining LinkedIn in 2009, Roslansky was employed at Yahoo.

    Roslansky New Work Portfolio

    Word, Excel, PowerPoint, Outlook, and Teams are all part of Microsoft’s Office 365 productivity software suite, which was rebranded as Microsoft 365 in 2022.

    Apart from managing those items, Roslansky’s portfolio will also feature the M365 Copilot application, which enables users to modify documents in Word, Excel, and PowerPoint. In 2020, Jha’s team released the app.

    Office is one of the most recognisable product suites ever, according to Roslansky’s LinkedIn post. It has literally influenced the way the world functions. The office’s influence and reach are unparalleled. “I’m entering a brand-new, exciting period in this capacity.

    AI, connectivity, and productivity are all merging at a large scale. Professionals around the world use Office and LinkedIn on a daily basis, and I’m excited to redefine ourselves in this new environment,” he continued.

    Microsoft announced that Charles Lamanna, corporate vice president for business and industry Copilot products, and his staff will go to Jha’s division as part of the organisational shift.

    They were formerly a member of the cloud and AI team led by Executive Vice President Scott Guthrie. Lamanna oversees the Copilot Studio tool, which makes it simple to create artificial intelligence agents, and Dynamics 365 sales and customer support tools, which are competitors of Salesforce.

    Microsoft Focusing More on AI

    Nadella stated in December that AI bots may eventually replace humans as the primary means of interacting with software systems intended for usage within large corporations.

    “When was the last time any of us actually attended a business application?” he asked investors Bill Gurley and Brad Gerstner during their podcast. “We hardly use them, and somebody in the organisation is sort of inputting data into it,” he said, referring to the numerous cloud software programs that the corporation pays for.

    According to Nadella, the intensity increases in the AI era, as handling all that data is now simple. Over the last ten years, the company’s Productivity and Business Processes division, which is supported by LinkedIn and Microsoft 365 subscriptions, has become more profitable.

    In the third quarter of the fiscal year, the unit’s operating margin surpassed 58%, up from 33% in the previous year. Compared to the previous year, revenue increased by 10%.

  • Personal Care Brand Plush Raises INR 40 Crore in Growth Round Led by Rahul Garg, Eyes INR 200 Crore ARR

    Plush, India’s new age personal care brand, has raised INR 40 crore in a growth round led by Rahul Garg, with participation from Blume Founders Fund, OTP Ventures, Careernet, the Patni Family Office, Sumit Jalan, Ajay Kumar Aggarwal, and other strategic investors.

    Plush had raised just INR 26 Crore prior to this round, making its current INR 100 Crore net ARR and EBITDA-level profitability a standout example of capital-efficient growth in the D2C landscape. The raise comes on the back of a breakout year for the company, in terms of scale and achieved EBITDA-level profitability. With a sharp focus on capital efficiency and deep consumer love, Plush is now targeting an INR 200 Crore ARR milestone in its next phase of growth.

    “Plush has the right building blocks in place – it’s a loved brand with a strong emotional connect and repeat behavior. What sets them apart is their ability to scale with capital efficiency, without losing sight of quality or growth,” said Rahul Garg, lead investor in the round.

    “This capital will help us deepen our market presence, expand our offline footprint, and invest in the kind of brand-building that makes Plush the go-to personal care brand for everyday wellness,” said Prince Kapoor, co-founder of Plush.

    The company was advised by Synapse Partners as legal counsel in this transaction. 

    Since its inception, Plush is redefining fem-care for the modern Indian consumer.
In just a few years, they have grown into one of India’s most loved, award-winning D2C brands, with a product portfolio that includes period care, intimate wellness, hair removal, and self-care essentials.

    “At Plush, we’re not just building products – we’re building a movement. One that’s rooted in comfort, driven by community, and designed around what women actually want: clean, effective solutions that feel as good as they work.” – Ketan Munoth, Co-founder, Plush

    From taboo-breaking campaigns to high-performing product lines, Plush is showing up where the category never has in everyday conversations, digital-first shelves, and on-ground activations that spark real change. Their approach is bold, culturally relevant, and emotionally resonant. 

    Founded in 2019 by Prince Kapoor and Ketan Munoth, Plush counts Ashish Dhawan, Akhil Dhawan, Patni Family Office, Anyaa Ventures, Sujeet Kumar, and Gaurav Munjal among others as its early investor base. Plush reported an 84% year-on-year revenue growth to INR 28.87 crore in the fiscal year ending March 2024. During the same period, the company posted a loss of Rs 4.4 crore. The startup is projected to close FY25 with Rs 65 crore revenue.

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  • LoanTap Closes INR 74 Crore Pre-Series C to Scale MSME Supply Chain Financing

    LoanTap has successfully closed an INR 74 crore pre-Series C funding round, comprising INR 54 crore in equity led by July Ventures. The equity round also saw participation from existing investors such as 3one4 Capital, Avaana Capital, Kae Capital, and the Swapurna Family Office, a long-time backer since inception. Additionally, INR 20 crore is closed through venture debt to facilitate the expansion of its supply chain financing offerings for small retailers.

    LT Credit has cemented its position as a category leader in supply chain financing for distributor-led, small retailer ecosystems, particularly in essential segments like groceries and pharmacies. India’s MSME credit gap is estimated at approximately INR 33.2 lakh crore, reflecting a massive, underserved opportunity. The rise of digital infrastructure driven by initiatives such as UPI, the Udyam portal, the Account Aggregator framework, and B2B e-commerce platforms has accelerated the formalisation of over 25 million MSMEs. LT Credit is addressing the credit gap through its proprietary credit assessment engine, BICRI (Business Indicator for Credit Ratings in India).

    BICRI is a proprietary tool that offers retailers a transparent, data-driven view of their creditworthiness and enables lenders with an alternate risk-assessment for extension of credit to the retailer,s empowering small businesses and driving inclusive growth. It seamlessly integrates with B2B e-commerce platforms, enabling distributors to set and scale limits for small retailers with credit. 

    With an acquisition of more than 50,000 retailers over the last 24 months, LoanTap has financed over 4.5 lakh invoices with disbursals over ₹1000 crores to small retailers. LoanTap aims to reach over 2 lakh retailers and fund a million invoices with an average ticket size of Rs. 8000 to Rs. 15,000 over the next 12 months. 

    Mr Satyam Kumar, CEO & Co-founder, LoanTap said, “India’s MSME sector is undergoing a massive transformation, and we plan to use this momentum to double down on invoice financing, an area we see as a powerful enabler for MSME growth across India. BICRI also enables distributors to evaluate and extend business and trade credit to retailers. Together with these two engines, capital access and credit preparedness, we plan to drive the next phase of MSME empowerment.”

    A Spokesperson at July Ventures said, “At July Ventures, we believe in backing scalable digital platforms that are category-defining. LoanTap’s sharp focus on technology-led, embedded credit for MSMEs aligns perfectly with our thesis. Their ability to combine deep retail ecosystem understanding with a data-led credit engine like BICRI positions them uniquely fill in the staggering 33.2 lakh crore MSME credit gap. We’re excited to partner with them and the co-investors on this next phase of growth.”

    About LoanTap

    LoanTap is one of the fastest-growing and most trusted fintech companies in the category, with its in-house RBI-registered NBFC led by experienced leadership and a highly skilled team. LoanTap focuses on customer delight by helping them choose the best loan products from a portfolio of multiple products like personal loans, business loans, home loans, gold loans, loans against mutual funds, and many use-case loans. LoanTap has had a successful year expanding its distribution and AfterPay network in various sectors.

    Looking towards the future, LoanTap’s goal is to make credit more accessible to over 4 lakh merchants through their AfterPay network this year. LoanTap plans to achieve this goal by utilising LTFLoW, their innovative LendTech platform. LTFLoW allows us to establish a roadmap towards profitable growth while creating a resilient digital lending ecosystem. With its anchor-led distribution stack, marketplace for capital coverage, and in-house NBFC, users of LTFLoW can continue to create innovative products and expand their reach.

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  • Microsoft’s Bing Unleashes Free AI Video Tool for Everyone!

    Bing Video Creator is a brand-new AI video production tool from Microsoft. With just a description of what they would like to see, users may now create brief AI films. The function is comparable to that of Bing Image Creator, which uses AI to generate images in response to user input.

    The Sora model from OpenAI powers the video tool. Bing Video Creator is now free and accessible through the Bing mobile app. It can produce five-second videos based on text prompts. It is anticipated that desktop access will soon be available.

    According to Microsoft, the new tool would enable users to make basic video clips in plain language without the need for sophisticated editing software.

    Bing Video Creator puts the power of video creation at users’ fingertips, whether they are letting their creativity run wild, bringing a tale to life, or searching for the ideal video to express their thoughts, according to Microsoft’s official blog post announcement.

    Steps for Users to Follow

    The Bing mobile app, which is accessible to iOS and Android users, must be downloaded in order to use Bing Video Creator. He has two options within the app: either put “Create a video of” into the search field or tap the bottom-right button and choose “Video Creator”.

    The new artificial intelligence video generator will start making a video that fits his description when he enters a prompt, like Otter and a capybara sipping cocktails while on vacation in Hawaii, lounging on a beach hammock.

    Microsoft points out that how detailed prompt determines the output’s quality. Something like a man in a blue tracksuit running along a foggy mountain route at sunrise, in slow motion, provides the AI more to work with than a vague request like “a person running,” which might not result in a meaningful clip. Accuracy is increased by including details like tone, objects, motion, and setting.

    More Offerings of Bing Video Creator

    The Bing video generator, on the other hand, can produce videos up to five seconds long and in vertical format (9:16). According to Microsoft, work is underway on a horizontal format (16:9).

    Up to three videos can be created by users at once; if all available slots are taken, the user will have to wait for one to finish before beginning another. He will receive a notification as soon as the video is created.

    The AI-generated video can then be downloaded and shared on social media or sent as a link. For a period of ninety days, the videos will be accessible for viewing and reuse. Naturally, like other AI technologies, this new one also raises safety concerns.

    Microsoft claims to have addressed these issues by incorporating safeguards into the new video production tool. Prompts identified as dangerous will be blocked by the platform, and users will be informed of this.

    In accordance with the C2PA standard, every video produced by the AI tool will also include digital credentials designating it as such. Microsoft claims that in order to reduce the possibility of abuse, it is depending on both its own extra security measures and OpenAI’s safety filters in Sora.

  • Stride Green Raises $3.5 Million in Seed Round to Power Climate-Tech Finance

    Stride Green, a climate-tech focused asset financing and lifecycle management platform, has announced the successful raise of $3.5 million as part of its Seed Funding Round, led by Micelio Technology Fund, Incubate Fund Asia, and other strategic investors. This infusion of capital is set to bolster Stride Green’s mission to provide innovative, tech-enabled financing and leasing solutions tailored for India’s burgeoning clean energy transition sectors, such as electric mobility, battery storage, renewable etc. The funds will also be used to expand the team, bringing in critical expertise to strengthen capabilities and support future growth. 

    Founded by Ishpreet Gandhi & Vivek Jain, Stride Green is on a mission to empower sustainable businesses through innovative asset management and finance solutions and data-driven insights, driving the transition to a greener economy. In an industry where early-stage clean technologies are usually not able to find growth capital and scalability in operations, Stride Green is providing a novel, end-to-end leasing and financing platform that is impact-focused as well as operationally optimal. The company’s in-house technology facilitates real-time data analytics, intelligent alerts, and operational insights, enhancing asset performance and longevity. 

    Vivek Jain, Co-Founder & CEO, Stride Green, said, “At Stride Green, we’re driven by deep domain expertise and a clear purpose to develop innovative and scalable solutions for the climate-tech ecosystem. We are grateful to have eco-conscious, mission-aligned partners like Micelio and Incubate, whose support empowers us on our journey to deliver bespoke, high-impact solutions for a more sustainable future.”

    India’s clean-tech sector has witnessed a surge in investments, surpassing China in clean technology funding during the third quarter of 2024, with deals worth approximately $2.4 billion. This momentum underscores the country’s commitment to fostering sustainable development and reducing reliance on fossil fuels. Stride Green is enabling this shift by equipping eco-conscious businesses with the tools to boost operational efficiency, cut emissions, and scale sustainable solutions across the clean energy value chain.

    Rajeev Ranka, Partner, Incubate Fund Asia, said, “We are very excited to partner with Stride Green to co-create the new age green financing and asset management platform to meet the needs of the evolving energy sector, electric mobility, and financial Institutions. Stride Green, Ishpreet, and Vivek have been at the forefront of creating scalable new age financing products, very glad to support their vision and join the journey.”

    Stride Green is poised for geographical and technological expansion, aiming to broaden its presence across new regions and diversify into emerging verticals within the climate technology sector. This growth strategy reflects the company’s dedication to scaling sustainable solutions and driving innovation in the clean energy ecosystem.

    Alok Chauhan, Principal, Micelio Technology Fund, added, “At Micelio, we have held a strong belief that the transition to clean mobility requires specialized financing infrastructure that can evolve with innovation. Stride Green’s tech-first platform addresses a critical gap between traditional financing and clean mobility’s unique needs, helping unlock significant capital for the sector. We’re excited to support this ecosystem-focused approach that aligns perfectly with our portfolio’s mission to advance the clean mobility ecosystem through strategic technology investments.”

    Stride Green’s impact is already evident, with the platform managing over 3000 cleantech assets, collaborating with major OEMs as well as leading logistics and mobility companies.

    About Stride Green

    Stride Green is an asset financing and management platform, tailored to businesses focused on sustainability. Leveraging its expertise in EV and cleantech financing, it offers climate-tech focused financing, leasing, rigorous analytical insights, and strategic consulting, facilitating eco-conscious transitions across a wide array of industries, with a track record of managing more than $120M in green finance, including green loans & other sustainable financial instruments. Our team is composed of seasoned professionals dedicated to supporting businesses in India in their transition towards environmentally sustainable practices. Stride Green brings data-driven insights and quantifiable results to the industry.

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