About Telo Trucks
Telo Trucks is a company based in San Carlos (United States) founded in 2023 by Jason Marks, Forrest North, and Yves Behar.. Telo Trucks has raised $7.18 million across 2 funding rounds from investors including Neo, Spero and GoAhead Ventures. Telo Trucks offers products and services including TELO MT1. Telo Trucks operates in a competitive market with competitors including Rivian, EVUM Motors, Lordstown Motors, Bollinger Motors and Atlis Motor Vehicles, among others.
- Headquarter San Carlos, United States
- Founders Jason Marks, Forrest North, Yves Behar
-
Sectors
Transportation, Automotive & Logistics
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$7.18 M (USD)
in 2 rounds
-
Latest Funding Round
$5.4 M (USD), Series A
Mar 13, 2024
-
Investors
Neo
& 5 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Telo Trucks
Telo Trucks offers a comprehensive portfolio of products and services, including TELO MT1. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Compact truck for urban adventures and efficient hauling.
Unlock access to complete
Funding Insights of Telo Trucks
Telo Trucks has successfully raised a total of $7.18M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $5.4 million completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $5.4M
-
First Round
First Round
(26 Jun 2023)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series A - Telo Trucks | Valuation | Neo | |
| Jun, 2023 | Amount | Seed - Telo Trucks | Valuation | GoAhead Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Telo Trucks
Telo Trucks has secured backing from 6 investors, including venture fund and angel investors. Prominent investors backing the company include Neo, Spero and GoAhead Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Technology startups are accelerated and incubated sector-agnostically by Neo.
|
Founded Year | Domain | Location | |
|
A boutique venture firm is focused on purpose-led companies.
|
Founded Year | Domain | Location | |
|
Early-stage tech startups are funded primarily in the US.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Telo Trucks
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Telo Trucks
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Telo Trucks Comparisons
Competitors of Telo Trucks
Telo Trucks operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Rivian, EVUM Motors, Lordstown Motors, Bollinger Motors and Atlis Motor Vehicles, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Off-road electric pickup trucks are manufactured for adventure use.
|
|
| domain | founded_year | HQ Location |
Cars are dealt and booked via an online platform.
|
|
| domain | founded_year | HQ Location |
Electric pickup trucks are developed and manufactured by Lordstown Motors.
|
|
| domain | founded_year | HQ Location |
Off-road and on-road sport utility trucks are developed.
|
|
| domain | founded_year | HQ Location |
Developer of electric pickup trucks
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Telo Trucks
Frequently Asked Questions about Telo Trucks
When was Telo Trucks founded?
Telo Trucks was founded in 2023.
Where is Telo Trucks located?
Telo Trucks is headquartered in San Carlos, United States. It is registered at San Carlos, California, United States.
Who is the current CEO of Telo Trucks?
Jason Marks is the current CEO of Telo Trucks. They have also founded this company.
Is Telo Trucks a funded company?
Telo Trucks is a funded company, having raised a total of $7.18M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.78M, raised on Jun 26, 2023.
What does Telo Trucks do?
Telo Trucks was founded in 2023 in San Carlos, United States, as a manufacturer in the electric vehicle sector. Products are provided through a platform designed for urban employees and weekend adventurers. Vehicles are equipped with a 350-mile range and 106kWh battery capacity, among other features. Operations focus on sustainable transportation solutions in the North American market.
Who are the top competitors of Telo Trucks?
Telo Trucks's top competitors include Rivian, EVUM Motors and Lordstown Motors.
What products or services does Telo Trucks offer?
Telo Trucks offers TELO MT1.
Who are Telo Trucks's investors?
Telo Trucks has 6 investors. Key investors include Neo, Spero, GoAhead Ventures, WorkPlay Ventures, and Underdog Labs.