What Turno does

Turno is an India-based commercial electric vehicle platform positioned as the country's first Battery Intelligence and Lifecycle Management Company. Founded in 2022 and headquartered in Bengaluru, Turno operates three interconnected product lines: commercial EV financing for drivers (offering lower interest rates, longer tenures, and vehicle buyback guarantees), electric bus leasing for fleet operators (delivered via the ElectricGo sub-brand with zero CAPEX and battery risk absorbed by Turno), and second-life battery energy storage solutions for businesses (Grade A repurposed EV batteries priced 30% below new packs). The company claims to recover 78% of battery value across first-life and second-life applications, with 30% lower total cost of EV ownership enabled by its proprietary valuation technology.

The underlying platform is the Battery Intelligence System, which performs battery valuation, lifecycle tracking, and risk assessment to underwrite lending decisions and optimize second-life deployment. Turno generates revenue through recurring financing/leasing subscriptions, hardware sales of second-life battery storage systems, and direct sales across India. The company is sales-led, distributing through direct engagement with commercial EV drivers, bus fleet operators, and B2B energy storage buyers, with operations currently spanning Delhi, Telangana, and Maharashtra.

Turno has raised approximately USD 28 million across a 2022 seed round, a February 2023 $13.8M Series A (co-led by B Capital and Quona Capital), a 2024 round led by British International Investment, and a December 2025 INR 50 crore pre-Series B led by Stellaris Venture Partners (19.49% stake). Key strategic partnerships include ThunderPlus for megawatt-class highway charging hubs and major Indian EV manufacturers for vehicle distribution. The company employs 101-250 staff and is led by co-founder and CEO Hemanth Aluru and co-founder and COO Sudhindra Reddy.

Name

Turno

Legal name

Turno

Website

https://turno.club

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

101–250 employees

Short description

Turno is an India-based battery intelligence and lifecycle management platform serving commercial EV drivers, fleet operators, and businesses through EV financing, electric bus leasing (ElectricGo), and second-life battery storage solutions.

Ownership category

akta.pro rank

Product category

Commercial Electric Vehicle Financing

NAICS

Battery Manufacturing (33591), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric, Gas & Sanitary Services (4900), Electronic Coils, Transformers & Other Inductors (3677)

akta.pro primary industry

EV Battery Warranty, Degradation Analytics & Lifecycle Optimization for V2G (EUAFAMAL)

akta.pro secondary industries

EV & Hybrid Battery Service, Diagnostics & Reconditioning (TLAKAMAA), Charging Network Operators & CPOs Offering Smart Charging/V2G (EUAFAMAD)

Keywords

• Commercial EV financing
• Electric bus leasing
• Battery intelligence systems
• Second-life battery storage
• EV lifecycle management

Headquarters

HQ city

Bengaluru

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Operations, Supply Chain, Personnel, Marketing or Sales

Revenue model

1. EV Financing: Financing solutions for commercial electric vehicles targeting drivers, offering lower interest rates, longer loan tenures, and vehicle buyback guarantees to make EV ownership more accessible.
2. Electric Bus Leasing: Lease solutions to bus operators with zero residual risk and zero CAPEX. Turno handles charging, maintenance, and buyback - absorbing battery risk fully.
3. Battery Solutions: Battery solutions for businesses including second-life energy storage systems. Cost-effective repurposed auto grade cells that are 30% cheaper than new battery packs.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Turno is India's first Battery Intelligence and Lifecycle Management Company for commercial EVs. It provides three interconnected offerings: commercial EV financing for drivers, zero-CAPEX electric bus leasing for fleet operators, and second-life battery storage solutions for businesses. These offerings are powered by Turno's proprietary Battery Intelligence System that values batteries throughout their lifecycle to enable financing and second-life deployment.

Product overview

Turno is India's first Battery Intelligence and Lifecycle Management Company operating as a unified platform with three interconnected core offerings: EV Financing for drivers, Electric Bus Leasing for fleet operators, and Battery Solutions for businesses. The platform is powered by Turno's proprietary Battery Intelligence System, which performs battery valuation to enable 78% value recovery across a battery's first life (moving vehicles) and second life (energy storage). The company also operates ElectricGo as a dedicated e-bus financing sub-brand. All offerings are integrated through shared battery lifecycle intelligence that enables 30% lower ownership costs, zero CAPEX leasing, and 80% value recovery from second-life batteries.

Differentiator

Problem solved

Functional benefit

Brands

• ElectricGo: A new e-bus unit launched in February 2026 that will utilize lifecycle intelligence and second-life batteries to finance 34 intercity electric buses across India.

Products and services

• EV Financing Commercial EV financing solution for drivers that lowers interest rates, extends loan tenures, and includes a vehicle buyback guarantee, reducing EV ownership cost by 30% compared to conventional options.
• Electric Bus Leasing (incl. ElectricGo sub-brand) Lease solution for bus fleet operators providing zero residual risk and zero CAPEX, with Turno absorbing full battery risk and handling charging, maintenance, and buyback. Includes the ElectricGo sub-brand, a dedicated e-bus financing unit launched to deploy 34 intercity electric buses using lifecycle intelligence and second-life batteries.
• Battery Solutions for Businesses High-performance energy storage systems built from Grade A second-life EV batteries—tested, validated, and tracked for long-term reliability—delivering 80% value recovery and offered at 30% lower cost than new cell battery packs for businesses needing commercial energy storage.

Quantifiable outcome

• 30% lower EV ownership cost
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• ThunderPluscoreTechnology or Integration · 28 March 2025Partnership established in March 2025 to establish ultra-fast 1 MW charging hubs along Indian highways. Megawatt charging network deployment to support commercial EV infrastructure across India.
• Major Electric Vehicle Manufacturers in IndiacoreStrategic or Co-development PartnerTurno has formed partnerships with major EV manufacturers in India to support their distribution and financing platform. These partnerships enable commercial EV deployment across the country.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Ather Energy: Established Indian electric 2-wheeler OEM with energy and charging ecosystem; broad incumbent in Indian commercial and consumer EV value chain adjacent to Turno's customer base.
• Ola Electric: Largest Indian electric 2-wheeler manufacturer and ecosystem player; broad incumbent serving the same commercial driver and fleet customer base, with potential to internalize financing and battery services.

Direct peers

• Yulu: India-based electric mobility platform focused on shared 2-wheeler and 3-wheeler EVs, overlapping directly with Turno's commercial 3-wheeler EV focus and urban fleet use cases.
• Battery Smart: India's leading battery-swapping network for light electric commercial vehicles; comparable as a battery lifecycle infrastructure play enabling commercial EV economics in India.
• Sun Mobility: Provider of battery swapping and EV energy infrastructure for 2- and 3-wheelers in India; directly comparable to Turno's battery intelligence and lifecycle management approach.
• GreenCell Mobility: India's largest electric bus lessor; directly comparable to Turno's ElectricGo e-bus leasing model and fleet electrification value proposition.
• PMI Electro Mobility: Electric bus operator and fleet service provider in India; comparable to Turno's e-bus deployment and zero-CAPEX leasing approach for state transport operators.
• Bounce Infinity: Indian EV rental and battery swapping platform; comparable in EV leasing and battery-as-a-service models targeting commercial drivers.
• Lithion Power: EV battery lifecycle and second-life applications company in India; directly comparable to Turno's Battery Intelligence System and second-life storage offering.

Emerging players

• Redwood Materials: US-based battery recycling and second-life materials company; comparable as a global benchmark for second-life battery economics and circular lifecycle services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/TurnoClub
• Facebookfacebook.com/turno.club
• LinkedInlinkedin.com/company/turnoclub

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds4 records

Investors9 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Turno