Telo raises $20 million to build tiny electric trucks for cities

Telo, a startup focused on building tiny electric trucks for urban areas, has raised $20 million in funding. The round was co-led by designer Yves Béhar and Tesla co-founder Marc Tarpenning, who were involved in Telo's launch in 2022. The company's mission is to provide a more sustainable and efficient transportation solution for crowded city streets, where larger trucks and delivery vehicles can be impractical. Telo's compact electric trucks are designed to navigate tight spaces and reduce emissions in urban environments. The funding will be used to further develop Telo's technology, build out its team, and scale production to meet the growing demand for eco-friendly delivery options. The startup aims to address the challenges faced by traditional commercial vehicles in dense metropolitan areas, offering a nimble and environmentally friendly alternative. With the support of experienced industry leaders, Telo is well-positioned to make a significant impact on urban transportation and sustainability as it continues to grow and expand its operations.