# Turno

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/turno

- Industry: Retail
- Headquarters: Bengaluru, India
- Website: www.turno.club
- Total disclosed funding: $19M
- Latest round: Series A (May 27, 2024)
- Investors on record: 7

## About

Blubble Private Limited trading under the name Turno is an electric vehicle marketplace based in India, facilitating the sale of eco-friendly transport options for the cargo and passenger sectors, while promoting sustainable mobility solutions. Founded in 2021 in Bengaluru, India, Blubble Private Limited trading under the name Turno operates as an electric vehicle marketplace focusing on diverse electric auto vehicles. The founders, Hemanth Aluru, Sandra Ahrens, and Sudhindra Reddy, have previously engaged in entrepreneurial activities. Turno has successfully secured a total funding amount of USD 6.00 mn in its Series A round on May 27, 2024, attracting investors like British International Investment, Quona Capital, Stellaris Venture Partners, and B Capital. The company has completed a total of 3 deals to date.Turno specializes in a variety of electric vehicles targeting the cargo and passenger transport markets. Its offerings feature products from notable manufacturers including Mahindra, Piaggio, E-trio, Euler, Greaves, and Altigreen. Key models available include the Montra ePV 2.0, Piaggio E-City FX, Mahindra Zor Grand, and Bajaj RE E TEC 9.0. The company caters to a wide customer base, providing financing options and robust after-sales support, thus facilitating the shift towards electric mobility. In the fiscal year 2023, Turno reported a revenue of USD 75,116.80, and an EBITDA of USD -3,304,450.50, highlighting the current financial landscape as the company continues to grow its presence in the electric vehicle sector.Following its recent funding round, Turno is set to enhance its operations and address working capital needs. In February 2026, Turno raised INR 430 million in venture funding led by British International Investment. The company will use the February 2026 funding to finance intercity electric bus operations and support the rollout of its ElectricGo e-bus business unit.

## Funding rounds

- Series A, May 27, 2024, $6M — British International Investment, Quona Capital, Stellaris Venture Partners, B Capital
- Series A, Dec 30, 2022, $9.8M — InnoVen Capital, Quona Capital, Stellaris Venture Partners, B Capital, Alteria Capital, Avaana Capital
- Seed, Feb 15, 2022, $3.1M — Stellaris Venture Partners, Avaana Capital

## Investors

- Stellaris Venture Partners (https://capitalatlas.ai/funds/stellaris-venture-partners) — Seed, Series A
- Avaana Capital (https://capitalatlas.ai/funds/avaana-capital) — Seed, Series A
- InnoVen Capital — Series A
- Quona Capital (https://capitalatlas.ai/funds/quona-capital) — Series A
- B Capital (https://capitalatlas.ai/funds/b-capital) — Series A
- Alteria Capital (https://capitalatlas.ai/funds/alteria-capital) — Series A
- British International Investment — Series A