EV Startup Turno Raises Funding Led By Stellaris, Avaana Capital

Turno raised $3.1 million in an equity funding round led by Stellaris Venture Partners, along with Avaana Capital.

Turno is accelerating the adoption of commercial EVs by leveraging technology, to recommend the right EV models to its customers based on use-case, and unlock affordable financing options. Turno’s proprietary underwriting methodology leverages battery analytics to monitor the health of the EV throughout its life. Since its launch, Turno has already captured a 75% market share in the retail cargo 3W segment in Bangalore.

We are delighted to partner with Turno in their mission to accelerate India’s transition to green mobility, and welcome Hemanth Aluru, Sudhindra Reddy, and the Turno team to the Avaana family..