Commercial Ev Startup Turno Raises $3.1 Million In Funding From Stellaris Venture Partners
06/29/22, 7:02 AM
Location
bengaluruMoney raised
$3.1 million
Round Type
seed
Commercial electric vehicle startup Turno has raised $3.1 million in funding led by Stellaris Venture Partners and Avaana Capital. Angel investors such as BigBasket’s Vipul Parekh, Urban Ladder's Ashish Goel, and the Goenka Family Office were the other participants.
Company Info
Location
bengaluru, karnataka, india
Additional Info
The company, which has doubled its sales volumes every month since its launch, expects to become the country's largest seller of electric vehicles by August 2022. Launched two months ago in Bengaluru, Turno operates in the retail cargo three-wheeler (3W) segment and claims to have already captured 75% of the market share.