Telo Raises $20 Million To Build Tiny Electric Trucks

Telo raises $20 million to build tiny electric trucks for cities, targeting urban drivers with compact, eco-friendly pickups.
Matilda
Telo Raises $20 Million To Build Tiny Electric Trucks
Telo Raises $20 Million To Build Tiny Electric Trucks For Cities Big electric trucks are struggling to win over buyers. Tesla’s Cybertruck has stumbled, Stellantis scrapped the Ram 1500 EV, and even Ford’s F-150 Lightning sales have slowed. But America still loves trucks—so maybe the answer lies in going smaller. Image Credits:Telo That’s exactly what California-based startup Telo is betting on. The company has designed a compact electric pickup called the MT1, priced around $41,000. And now, investors are backing that vision. Telo raises $20 million to build tiny electric trucks for cities , marking a big step toward making urban-friendly EV trucks a reality. Who’s Backing Telo’s Big Idea? The $20 million Series A round was co-led by industrial designer Yves Béhar and Tesla co-founder Marc Tarpenning, both also co-founders of Telo. Other big names joined in, including Salesforce CEO Marc Benioff and early-stage funds like TO VC, E12 Ventures, and Neo. Compared to rivals, Telo’s funding look…