Turno
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.
- Company typePrivate
- Founded2022
- HeadquartersBengaluru, India
- Headcount101–250
- GTM typeB2B
- OfferingServices
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.
Turno firmographics
Firmographics- 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
Turno industry classification
Industry- 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
Where Turno is headquartered
LocationHeadquarters
- HQ city
- Bengaluru
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Turno business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Operations, Supply Chain, Personnel, Marketing or Sales
Revenue model
- 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.
- 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.
- 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
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | EV Financing with lower interest rates and longer tenures |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
Turno product offering
Product offeringCore 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
Companies that use Turno
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
Turno technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature3 records
Turno partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- ThunderPluscorePartnership 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 IndiacoreTurno 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
Turno competitors and assessment
Company assessmentBroad 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
Turno social profiles
Digital presenceTurno financial estimates
Financial estimateRevenue estimate
Valuation estimate
Turno leadership team
Management profileNumber of profiles
Profiles2 records
Turno subsidiaries and ownership
Company hierarchySubsidiaries1 record
Turno funding detail
Funding detailFunding overview
Funding rounds4 records
Investors9 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Turno M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Turno
What does Turno do?
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.
Is Turno a public or private company?
Turno is a private company. It is classified as venture growth investor backed and is currently operating.
When was Turno founded?
Turno was founded in 2022. It employs 101 to 250 people.
Where is Turno based?
Turno is headquartered in Bengaluru, India, in the Asia region.
How does Turno make money?
Three revenue lines are on record. EV Financing is the primary driver. The others are electric Bus Leasing and battery Solutions.
Who are Turno's main competitors?
Broad incumbents on record are Ather Energy and Ola Electric. Direct peers are Yulu, Battery Smart, Sun Mobility, GreenCell Mobility, PMI Electro Mobility, Bounce Infinity and Lithion Power. Redwood Materials is listed as an emerging player.
Does Turno have an API?
No public API is recorded for Turno.
What industry is Turno in?
Turno's product category is Commercial Electric Vehicle Financing. Its primary akta.pro industry code is EUAFAMAL, EV Battery Warranty, Degradation Analytics & Lifecycle Optimization for V2G, with a secondary code of TLAKAMAA, EV & Hybrid Battery Service, Diagnostics & Reconditioning. Its NAICS code is 33591 and its SIC code is 4900.