Key Takeaways
- • Stride, a Vietnam-based solar energy startup, raised $15 million in Series B funding co-led by Lightrock and TRIREC through the Accelerate7 platform, with participation from existing investors Clime Capital and UOB Venture Management.
- • Early-stage investor Touchstone Partners announced a partial exit following the Series B close, having achieved a 7.25x valuation increase since its initial seed investment in 2023 alongside Clime Capital ($2 million round).
- • Stride plans to deploy capital toward expanding its platform across Vietnam and additional markets, strengthening digital and quality assurance infrastructure, and increasing rooftop solar and battery system accessibility to 200,000 additional people by 2030.
- • The company operates a financing solutions model for households and micro, small, and medium-sized enterprises (MSMEs), offering payment plans and insurance products for solar and battery installations; Stride's project portfolio has nearly tripled since Touchstone's initial investment.
- • Touchstone's partial exit signals capital rotation toward new climate-focused opportunities in Vietnam, reflecting confidence in Stride's maturation and the broader Southeast Asian renewable energy investment landscape.
Summary
Vietnam's solar energy startup Stride completed a $15 million Series B funding round on May 22, 2026, marking a significant capital influx for the clean energy financing platform. The round was co-led by Lightrock and TRIREC, operating through the Accelerate7 platform, with participation from existing investors Clime Capital and UOB Venture Management. This funding represents continued institutional confidence in Stride's business model and market position within Vietnam's renewable energy sector.
The financing will support Stride's geographic expansion beyond Vietnam, enhancement of its digital infrastructure and quality assurance systems, and acceleration of rooftop solar and battery solution deployment. The company has set an ambitious target to extend clean energy access to an additional 200,000 people by 2030. Stride's core business model focuses on providing financing solutions—including payment plans and insurance products—for solar and battery systems targeting both residential customers and micro, small, and medium-sized enterprises (MSMEs).
Touchstone Partners, which co-led Stride's $2 million seed round in 2023 alongside Clime Capital, announced a partial exit concurrent with the Series B close. According to Tu Ngo, General Partner at Touchstone Partners, the company's valuation has increased 7.25x since the initial investment. Touchstone's withdrawal reflects both a successful return on its early-stage capital and a strategic reallocation toward new climate-focused investment opportunities within Vietnam. The venture firm provided operational support, strategic advisory, and policy introductions that contributed to Stride's expansion, evidenced by the near-tripling of its project portfolio since 2023.
The transaction underscores institutional appetite for Southeast Asian renewable energy infrastructure financing and signals successful execution by Stride's founding team in scaling operations and achieving investor milestones.
The financing will support Stride's geographic expansion beyond Vietnam, enhancement of its digital infrastructure and quality assurance systems, and acceleration of rooftop solar and battery solution deployment. The company has set an ambitious target to extend clean energy access to an additional 200,000 people by 2030. Stride's core business model focuses on providing financing solutions—including payment plans and insurance products—for solar and battery systems targeting both residential customers and micro, small, and medium-sized enterprises (MSMEs).
Touchstone Partners, which co-led Stride's $2 million seed round in 2023 alongside Clime Capital, announced a partial exit concurrent with the Series B close. According to Tu Ngo, General Partner at Touchstone Partners, the company's valuation has increased 7.25x since the initial investment. Touchstone's withdrawal reflects both a successful return on its early-stage capital and a strategic reallocation toward new climate-focused investment opportunities within Vietnam. The venture firm provided operational support, strategic advisory, and policy introductions that contributed to Stride's expansion, evidenced by the near-tripling of its project portfolio since 2023.
The transaction underscores institutional appetite for Southeast Asian renewable energy infrastructure financing and signals successful execution by Stride's founding team in scaling operations and achieving investor milestones.
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