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Commercial Ev Startup Turno Raises $3.1 Million In Funding From Stellaris Venture Partners

Jun 29, 2022•about 3 years ago

Amount Raised

$3.1 Million

Round Type

seed

Bengaluru

Description

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 Information

Company

Turno

Location

Bengaluru, Karnataka, India

About

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.