TELO raised $5.4M in a strategic funding round led by Neo to continue building the most efficient electric truck.
Amount Raised
$5.4 Million
Round Type
Seed
San CarlosAutomotiveMotor Vehicle ManufacturingInvestors
Description
TELO, the company redefining the footprint and functionality of electric mobility with its innovative EV mini-truck, announced its $5.4M strategic funding round led by Ali Partovi of Neo, with additional investment from Spero Ventures and angel investors. The funds will be used to continue the virtual validation of the vehicle's safety and development of a road-ready model.
Quick answer
TELO raised $5.4 Million in a Seed round, dated March 13, 2024. Investors: Spero Ventures and Neo. TELO is based in San Carlos, California, United States.
- How much did TELO raise?
- TELO raised $5.4 Million in a Seed round on March 13, 2024.
- Who invested in TELO?
- Spero Ventures and Neo are named as investors in this round.
- What does TELO do?
- TELO makes intelligently designed, compact electric vehicle trucks for city living and weekend adventuring.
- Where is TELO based and how big is it?
- TELO is based in San Carlos, California, United States.
- Who are the decision-makers at TELO?
- Fundz holds 2 contacts at TELO. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Automotive and Motor Vehicle Manufacturing around the same time
Companies in the same sectors as TELO that raised within 45 days of this round, from Fundz verified event records.
- Lucid Group raised $1B (Funding Round) on March 25, 2024.
- Fisker raised $150M (Funding Round) on March 18, 2024.
- Zelos Technology raised $100M (Series A) on February 27, 2024.
- PHOENIX MOTOR raised $4.8M (Seed) on February 2, 2024.
- Kinetic Automation raised $21M on April 26, 2024.
- Camion raised $2.9M (Pre-Seed) on April 24, 2024.
Who to call at TELO, and when
A new round usually means TELO is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day TELO raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at TELO, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at TELO. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment TELO raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
TELO raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.