Fundz

Turno, an EV-focused fintech startup, raises $5.5 million in pre-Series B funding led by Stellaris Ventures and supported by B Capital, Quona, and others to fuel growth and expansion.

PRIVATEDec 25, 2025

Amount Raised

$5.5 Million

Round Type

Venture

BengaluruTransportation

Investors

British International InvestmentB CapitalQuona Accion Inclusion FundStellaris Ventures

Description

Commercial electric vehicle distribution platform Turno has confirmed a pre-Series B funding round of $5.5 million from Stellaris Ventures, B Capital, Quona Accion Inclusion Fund, and British International Investment. The funds will be used for growth, operational needs, and general corporate purposes. The company aims to leverage this capital to support its expansion into new markets and enhance its service offerings. Post-funding, Turno's valuation is estimated at around $55 million.

Quick answer

Turno raised $5.5 Million in a funding round, dated December 25, 2025. Investors: British International Investment, B Capital, Quona Accion Inclusion Fund and Stellaris Ventures. Turno is based in Bengaluru, Karnataka, India.

How much did Turno raise?
Turno raised $5.5 Million in a funding round on December 25, 2025.
Who invested in Turno?
British International Investment, B Capital, Quona Accion Inclusion Fund and Stellaris Ventures are named as investors in this round.
What does Turno do?
Turno (Brand of Blubble pvt ltd) is an Electric Vehicle company, that helps operators of commercial vehicles to switch to EVs.
Where is Turno based and how big is it?
Turno is based in Bengaluru, Karnataka, India.
Who are the decision-makers at Turno?
Fundz holds 2 contacts at Turno, including the Head of Digital Marketing. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Transportation around the same time

Companies in the same sectors as Turno that raised within 45 days of this round, from Fundz verified event records.

  • SLEEK EV raised $8.5M (Series A) on February 5, 2026.
  • EyeROV raised $1.4M (Pre-Series A) on February 5, 2026.
  • GenLogs raised $60M (Series B) on February 3, 2026.
  • GoCab raised $45M (Funding Round) on February 3, 2026.
  • Viero raised $1.2M (Seed) on February 3, 2026.
  • Enakl raised $2.3M (Seed) on January 28, 2026.

Who to call at Turno, and when

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Company Information

Company

Turno

Location

Bengaluru, Karnataka, India

About

Turno (Brand of Blubble pvt ltd) is an Electric Vehicle company, that helps operators of commercial vehicles to switch to EVs. Turno does this by providing a wide selection of vehicles from partner OEMs, affordable financing, and battery value guarantees to ensure the highest return on value for EV owners. Turno’s mission is to transition gasoline miles to electric miles in India. Turno is founded by Hemanth Aluru and Sudhindra Reddy Pidapa - experienced entrepreneurs in the mobility industry with a strong track record of value creation. Recently, they led Zoomcar, India's largest personal mobility platform.

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Related People

2 contacts
Verified contactsArnab P., Head of Digital Marketing hidden hiddenSee plans and pricing
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Turno raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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