top of page

Sweden’s Trine provides debt financing for Vietnam cleantech platform Stride

Singapore – 20 June 2024: Stride, a Ho Chi Minh City (HCMC)-based cleantech company dedicated to innovating solutions that remove barriers to clean energy adoption by residential and SME consumers, announced that it has successfully secured a debt financing facility of US$3 million from Trine, the Sweden-based solar investment platform dedicated to emerging markets.


Stride secured US$2 million seed stage equity funding from Clime Capital and Touchstone Partners in May 2023 to scale its business of providing low-cost financing for households and small businesses in Vietnam to implement solar energy projects. This round of debt funding will enable Stride to expand its capacity to fund customers’ clean-energy installations in Vietnam in partnership with local installers.


Vietnam's target of 50% of residential homes and office buildings using self-produced rooftop solar power for self-consumption by 2030 aligns with Stride's mission. Given its sunny and predominantly tropical location, the country has the potential to generate 380 gigawatts of capacity, significantly exceeding the government's solar capacity goals.


To meet these targets, innovative business models such as those offered by Stride require early-stage risk capital and debt funding designed to support the deployment of clean energy assets.


Andrew Fairthorne, Chief Executive Officer at Stride, said, “This debt funding facility will enable Stride to accelerate the deployment of solar energy solutions in Vietnam, a country with immense renewable energy potential. Our collaboration with Trine aligns perfectly with our mission to reduce the barriers to access solar and batteries for every Vietnamese household, and small- and medium-sized business.”


Sam Manaberi, Founder and CEO at Trine, said, “Our partnership with Stride marks a significant milestone in our efforts to scale up renewable energy investments in Vietnam. By providing accessible financing for solar projects in Vietnam, we are not only supporting the country’s transition to clean energy but also delivering attractive returns for our investors“ 


Clime Capital Chief Investment Officer Joshua Kramer said, “Clime Capital’s model of providing early-stage risk capital to promising clean energy companies is designed to prepare companies for further investment. Stride’s ability to raise debt financing is exemplary of how we support the SEACEF portfolio companies to raise non-dilutive capital to scale faster and in a way that ensures that incentives for founders are maintained.”


Tu Ngo, General Partner at Touchstone Partners, shared, “Stride’s focus on affordability makes green energy projects become more accessible, contributing to Vietnam’s carbon net zero goal. As a Vietnam-focused fund, we are proud to have supported Stride in their earlier equity financing round, recognizing the transformative potential of catalytic funding in driving sustainable changes for Vietnam. The founders of Stride bring extensive industry experience and a deep understanding of their solutions, which has been instrumental in their success. Since our investment, Stride has grown over ten fold in installed capacity. The progress made by Stride highlights the crucial role that climate-tech funding plays in shaping the future of Vietnam's energy landscape.”

Stride is the first company in Vietnam to offer low upfront-cost financing, complementary insurance, independent quality assurance, and a streamlined online consumer onboarding process at point of sale. The company has received increasing interest from residential and small business consumers who want to shift to lower-cost clean energy to reduce energy bills. Stride addresses this interest with a commercial solution that removes the barrier of high up-front costs.



For more information, please contact:


Jeremy Hughes

Smart Word Pte. Ltd.

T +61 (0) 468 992 481



Andrew Fairthorne

Stride MTV Company Limited

T +84 7680 27680



Vincent Kiio


T +254 723696129



Mason Wallick

Clime Capital Pte. Ltd.

T +65 9457 5310



Khue Phan

Touchstone Partners

T +84 387196405





About Stride

Stride is an innovative Cleantech company incorporated in Singapore and operating in Ho Chi Minh City, Vietnam with a mission to accelerate a sustainable future in Vietnam through providing every household and small businesses with access to solar energy. Find out more at


About Trine

Trine is a Sweden-based investment platform that makes  it easy to invest in solar energy projects in emerging markets, while also delivering market competitive  returns to the investors.

Trine is committed to  accelerating  the transition to a sustainable society by working with carefully selected partners and  structuring transactions with a borrower centric perspective to deliver needed capital to solar entrepreneurs across the emerging markets. 


About Clime Capital

Clime Capital Management Pte. Ltd. (Clime Capital) is a Singapore-headquartered fund management company registered with the Monetary Authority of Singapore. Clime Capital is the manager of SEACEF I and SEACEF II. The Clime Capital team comprises senior professionals with deep Southeast Asian market experience in clean energy investments and developments. The team brings a diversified skill set in early-stage project funding and development, investment and portfolio management, project finance, design and engineering, operations, and environmental safeguards. Clime Capital has an on-the-ground presence in Vietnam, India, Indonesia, the Philippines, and Singapore. Find out more at


About Touchstone PartnersTouchstone Partners is an early-stage venture capital fund in Vietnam committed to investing in startups with the potential to create a major impact on people and the environment. Touchstone Partners’ investment capital comes from Pavilion Capital, and major governmental and private financial institutions in the region and the world. With 27 investments to date, Touchstone’s core investment areas include tech and tech-enabled businesses in fintech, healthcare, education, supply chain, consumer sector, deeptech, agriculture and climate change. For more details, visit




bottom of page