TELO Trucks, a San Carlos, CA-based electric mini truck maker, raised $20M in Series A funding.
The round was led by Yves Behar, and Marc Tarpenning co-founder of Tesla and Venture Partner of Spero Ventures. Additional investment came from TO VC, E12 Ventures, Neo, Marc Benioff, Uncorrelated Ventures, Nova Threshold, MCJ, and others.
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The company intends to use the funds to expand operations and its development efforts.
Co-founded by CEO Jason Marks, CTO Forrest North, and CCO Yves Béhar, with design contributions from fuseproject, TELO Trucks develops is a mobility company developing TELO Truck, launched in June 2023, combines the bed capacity of a standard pickup and the comfort of a crew cabin in a dramatically compact 152-inch vehicle.
With over 12,000 pre-orders since launch, TELO represents a new era of capital-efficient EV companies.
This round followed TELO’s $6M strategic Seed round, led by Neo, and their previous $2M Pre-Seed, led by GoAhead Ventures.
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