Turno: Funding, Investors & Team (Oct 2026)
Turno is a fintech startup that offers electric vehicle solutions for operators and owners, assisting commercial vehicle operators in transitioning to EVs. Their goal in India is to replace gasoline miles with electric miles by providing a range of EVs from partner OEMs, affordable financing, and battery value guarantees to maximize return on investment. Turno sells EVs from different brands online and in physical stores, along with financing options and a buyback program for used batteries.
Turno has raised $26.9M across 4 funding rounds on record, the most recent an undisclosed round of $4.7M announced in Feb 2026.
That round is below the $15M median round size for Energy companies tracked on FundedIQ over the last two years.
Turno Company Profile and Key Stats
Latest funding round on record: Feb 2026.
Turno Funding Rounds
Turno raised $3.1M in a Seed announced in Jun 2022.
8 months later, a Series A of $13.6M was announced in Feb 2023.
1.3 years later, a Series A of $5.5M was announced in May 2024.
1.8 years later, an undisclosed round of $4.7M was announced in Feb 2026.
Turno Founders and Leadership Team
No contact details are on record for this team yet.
Turno Funding Compared to Other Energy Startups
Turno's latest round of $4.7M is below the median round in Energy. Medians cover the last 24 months of disclosed rounds.
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Turno Funding FAQs
What does Turno do?
Turno is a fintech startup that offers electric vehicle solutions for operators and owners, assisting commercial vehicle operators in transitioning to EVs. Their goal in India is to replace gasoline miles with electric miles by providing a range of EVs from partner OEMs, affordable financing, and battery value guarantees to maximize return on investment. Turno sells EVs from different brands online and in physical stores, along with financing options and a buyback program for used batteries.
How much funding has Turno raised?
Turno has raised $26.9M across 4 rounds on record. The most recent is an undisclosed round of $4.7M announced in Feb 2026.
When did Turno last raise funding?
Turno's most recent funding round on record is an undisclosed round of $4.7M, announced in Feb 2026.
Who founded Turno?
FundedIQ lists Hemanth Aluru (Founder), Sudhindra Reddy (Founder) at Turno.
Where is Turno headquartered?
Turno is based in Bengaluru, Karnataka, India.
How many employees does Turno have?
Turno is in the 101-250 employee band.
How does Turno's funding compare to other Energy startups?
Turno's latest round of $4.7M is below the $15M median round size for Energy companies on FundedIQ across 2,284 tracked companies over the last two years.
About FundedIQ's Turno Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Turno is left off this page rather than filled in.
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