Tech Company Financing Transactions

Turno Funding Round

Turno, based in Bengaluru Karnataka, secured $6 million from B Capital Group, British International Investment and Stellaris Venture Partners.

Transaction Overview

Company Name
Announced On
5/30/2024
Transaction Type
Venture Equity
Amount
$6,000,000
Round
Series A
Investors

B Capital Group (Lead Investor)

British International Investment (Lead Investor)

Stellaris Venture Partners (Lead Investor) (Arpit Maheshwari)

Quona Capital

Proceeds Purpose
The company intends to use the funds to accelerate the growth of the existing business and launch new business lines to improve access and the infrastructure of commercial EVs.

Company Information

Company Status
Private & Independent
Industry
Transportation
Mailing Address
Koramangala 8th Block Attic Chanakya 4th Floor No. 32 2nd cr
Bengaluru Karnataka, 560095
India
Email Address
Overview
We are on a mission to replace gasoline miles with EV miles! Commercial Vehicles contribute 80-90% of fuel burnt today - that's where we focus on. Hundreds of EVs already exist, yet adoption has been super slow. That's what we solve for. That's the route to building the biggest brand in the EV world.
Profile
Turno LinkedIn Company Profile
Social Media
Turno Company Twitter Account
Company News
Turno News
Facebook
Turno on Facebook
YouTube
Turno on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Hemanth Aluru
  Hemanth Aluru LinkedIn Profile  Hemanth Aluru Twitter Account  Hemanth Aluru News  Hemanth Aluru on Facebook
Chief Operating Officer
Sudhindra Reddy
  Sudhindra Reddy LinkedIn Profile  Sudhindra Reddy Twitter Account  Sudhindra Reddy News  Sudhindra Reddy on Facebook


 

 

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Our team works diligently to report on all VC transactions involving tech companies. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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