Turno offers a range of three-wheeled electric vehicles designed for passenger and cargo transport, along with financing solutions that feature low down payments and competitive interest rates. The company addresses the need for affordable and sustainable transportation options in urban areas, enabling customers to reduce operational costs compared to traditional fuel vehicles.
Funding
$22.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
BIFounders
Product
Problem
Many urban areas lack affordable and sustainable transportation options, particularly for passenger and cargo transport. Traditional fuel-based vehicles contribute to high operational costs and environmental pollution.
Solution
Turno provides a marketplace for electric three-wheeled vehicles designed for both passenger and cargo transportation, addressing the need for cost-effective and eco-friendly urban mobility. The company offers a range of electric vehicles from various manufacturers, coupled with financing solutions to lower the barrier to entry for drivers and businesses. By transitioning to electric vehicles, customers can significantly reduce their daily running costs compared to CNG or diesel-powered alternatives. Turno also provides services such as maintenance, repairs, and assured resale value.
Target Audience
The primary target audience includes individual drivers and business owners in urban areas seeking affordable, sustainable, and low-operational-cost transportation solutions for passenger or cargo movement.
Features
- Wide selection of electric three-wheeler models for passenger and cargo use from multiple manufacturers (e.g., Mahindra, Piaggio, Euler).
- Flexible financing options with low down payments and competitive interest rates.
- Online platform to compare different EV models, calculate savings, and check EMI options.
- Buyback guarantee and assured resale value after a specified period.
- Maintenance and repair services for electric vehicles.
- Doorstep test drive option for potential customers.