Argus Partners advises commercial EV distribution and financing platform, ‘Turno’ in raising $13.8 million
Argus Partners has acted as the legal counsel to ‘Turno’ (Blubble Private Limited), a commercial electric vehicle distribution and financing platform, on its USD 13.8 million Series A fund-raise.
The Series A funding round was co-led by global venture capital firms B Capital and Quona Capital with participation from existing investors Stellaris Venture Partners and Avaana Capital and new investors, Alteria Capital and InnoVen Capital.
Turno intends to use the funding to build a proprietary battery-tech platform to address issues around end-of-life battery value, amid global concerns around EV batteries and e-waste.
The transaction team for the fund-raise from B Capital, Quona Capital, Stellaris Venture Partners and Avaana Capital was led by Abhinav Bhalaik, Armaan Patkar (Partners), Mayank Jhunjhunwala (Senior Associate) and Reha Mehta, Ishita Agarwal (Associates).
The transaction team for the fund-raise from Alteria Capital and InnoVen Capital was led by Namitha Mathews (Partner), Anukriti Goswami (Associate) and Jalaj Mahajan (Associate).
11, 1st Floor, Free Press House
215, Nariman Point
Mumbai – 400021
9 – 10 Bahadur Shah Zafar Marg
Delhi – 110002
+91 11 23701284/5/7
155, ESC House, 2nd floor,
Okhla Industrial Estate, Phase 3,
New Delhi – 110020
68 Nandidurga Road
Bengaluru – 560046
3rd Floor, 27B Camac Street
Kolkata – 700016
The rules of the Bar Council of India do not permit advocates to solicit work or advertise in any manner. This website has been created only for informational purposes and is not intended to constitute solicitation, invitation, advertisement or inducement of any sort whatsoever from us or any of our members to solicit any work in any manner. By clicking on 'Agree' below, you acknowledge and confirm the following:
a) there has been no solicitation, invitation, advertisement or inducement of any sort whatsoever from us or any of our members to solicit any work through this website;
b) you are desirous of obtaining further information about us on your own accord and for your use;
c) no information or material provided on this website is to be construed as a legal opinion and use of this website will not create any lawyer-client relationship;
d) while reasonable care has been taken in ensuring the accuracy of the contents of the website, Argus Partners shall not be responsible for the results of any actions taken on the basis of information provided in this website or for any error or omission in the website; and
e) in cases where the user has any legal issues, the user must seek independent legal advice.