SAN CARLOS, CA, TELO Trucks, maker of the first electric mini truck built for U.S. cities, today announced its oversubscribed $20 million Series A funding.
This funding round was led by legendary designer Yves Behar, and Marc Tarpenning co-founder of Tesla and Venture Partner of Spero Ventures. Additional investment came from TO VC, E12 Ventures, Neo, Marc Benioff, Uncorrelated Ventures, Nova Threshold, MCJ, and others.
Co-founded by CEO Jason Marks, CTO Forrest North, and CCO Yves BĂ©har, with design contributions from fuseproject, TELO Trucks is shrinking the mobility footprint. Its signature TELO Truck, launched in June 2023, combines the bed capacity of a standard pickup and the comfort of a crew cabin in a dramatically compact 152-inch vehicle. With over 12,000 pre-orders since launch, TELO represents a new era of capital-efficient EV companies.
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