TELO
Assembly Line
TELO Announces $5.4M Strategic Fundraise Led by Neo to Continue Building the Most Efficient Electric Truck
TELO, the company redefining the footprint and functionality of electric mobility with its innovative EV mini-truck, announced its $5.4M strategic funding round led by Neo, with additional investment from Spero Ventures and angel investors. The closing of this strategic raise signifies TELO’s continued business growth.
Coinciding with this announcement, TELO is pleased to appoint Marc Tarpenning, co-founder of Tesla, to the company’s board this month. Tarpenning’s board appointment is an incredibly exciting moment in TELO’s growth story as he will help guide the team in their final stages of TELO’s development. Also, as a Spero Ventures partner, Tarpenning participated in the just announced strategic funding round. This infusion of funds will be used to continue the virtual validation of the vehicle’s safety and also the development of a road-ready model.