Turno is an India-based company that combines battery lifecycle analytics with financing products to lower the total cost of ownership for commercial electric vehicles. Its platform tracks battery health, enabling reliable residual-value estimates and facilitating second-life deployment of used EV batteries in stationary energy storage. Leveraging this data, Turno finances commercial EV fleets and claims roughly 20% market share in India’s commercial EV segment. The company is now expanding into the intercity e-bus market through a new business unit called ElectricGo, which will deploy and finance electric buses for public and commercial operators. Turno’s model aims to resolve the financing gap caused by long concession periods and uncertain battery values by monetising batteries beyond their first life. Recent funding from British International Investment (BII) accelerates this expansion and validates Turno’s approach to integrating battery intelligence with fleet financing.

Total raised

$24M

Funding rounds

4

Latest round

Equity

Latest activity

Feb 2026