Existing investors Stellaris Venture Partners and Avaana Capital participated in the round along with new investors Alteria Capital and InnoVen Capital
Turno plans to use the fresh capital to expand its electric vehicle distribution platform across India and offer used battery solutions to address the pressing concerns of EV users
The development comes a few months after the fintech startup raised $3.1 Mn in a seed funding round led by Stellaris Venture Partners along with Avaana Capital
Commercial EV-focused fintech startup Turno has raised $13.8 Mn (around INR 112 Cr) in a Series A funding round co-led by global venture capital firms B Capital and Quona Capital. Existing investors Stellaris Venture Partners and Avaana Capital participated in the round along with new investors Alteria Capital and InnoVen Capital.
Turno plans to use the fresh capital to expand its electric vehicle distribution platform across India and offer used battery solutions to address the pressing