Telo, San Carlos, CA-based manufacturer of electric vehicle trucks intended to provide affordable trucks to urban workers and weekend adventurers. The company offers electric trucks for urban living and weekend adventuring, enabling clients to get efficient electric vehicle pickup as per their needs.
Telo was funded $5.4 million led by Ali Partovi with participation from Spero Ventures and angel investors.
Telo’s electric trucks are renowned for their exceptional efficiency, combining cutting-edge battery technology with advanced aerodynamics and lightweight materials to maximize range and reduce operating costs. With this latest investment, Telo aims to accelerate the production and deployment of its electric trucks, targeting key markets where eco-friendly transportation solutions are in high demand.
Jason Marks the CEO of Telo said that they are thrilled to receive this funding, which will enable them to scale up production and bring their highly efficient electric trucks to more customers. Their mission is to revolutionize the trucking industry by offering a sustainable alternative that not only benefits the environment but also delivers significant cost savings to fleet operators.
The electric vehicle market has been experiencing rapid growth, driven by increasing awareness of environmental issues and the need to reduce carbon emissions. Telo’s focus on efficiency and practicality positions it as a frontrunner in the electrification of commercial transportation, attracting attention from investors looking to support innovative solutions with a positive impact on the planet.
With the new funding in place, Telo is poised to expand its operations, enhance its technology, and forge partnerships with key stakeholders in the electric vehicle ecosystem. The company’s commitment to sustainability and performance places it at the forefront of the electric truck revolution, paving the way for a cleaner and more efficient future in transportation.
By: K. Tagura
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