Startup Funding Tracker

Turno funding, investors and company details

Turno is an emerging Automobile - EV startup from Bengaluru, working in the space of EV and fintech startup that enables commercial vehicle operators to transition smoothly to electric mobility. Founded by Hemanth Aluru, Sudhindra Reddy Pidapa.

  • Company: Blubble Private Limited
  • Sector: Automobile - EV
  • Location: Bengaluru
  • Founders: Hemanth Aluru, Sudhindra Reddy Pidapa
  • Total funding raised: ₹184.4 Cr

Company overview

Turno is an EV and fintech startup that enables commercial vehicle operators to transition smoothly to electric mobility. It offers cargo and passenger EVs through partner OEMs, along with affordable financing and battery value guarantees, positioning itself as an end-to-end solution for last-mile delivery businesses adopting EVs. Operating at the intersection of electric mobility and financial services, Turno focuses on supporting operators working with platforms such as Amazon and BigBasket in making a seamless shift to electric vehicles. The platform provides access to a wide range of EV cargo and passenger vehicles, complemented by low-cost financing options and assurances around battery value. This approach helps vehicle owners optimize returns while mitigating risks associated with EV adoption. Turno’s mission is to convert gasoline miles into electric miles across India, aligning with the country’s sustainability goals. It also acts as a trusted advisor for commercial EV purchases, helping customers navigate the evolving EV ecosystem. With a growing team of over 100 employees and operations across multiple cities, Turno has established itself as a prominent player in the EV cargo segment by combining vehicle access and financing solutions in one platform.

Funding rounds

  • Latest round: $ 5.50 Mn (₹45.88 Cr.), 2024-05-28. Investors: British International Investment (BII)
  • Past round: $ 13.80 Mn (₹114.04 Cr.), 2023-02-09. Investors: B Capital, Quona Capital, Alteria Capital, Innoven Capital, Stellaris Venture Partners, Avaana Capital
  • Past round: $ 3.10 Mn (₹24.47 Cr.), 2022-06-29. Investors: Stellaris Venture Partners, Avaana Capital