For many,
Turno is an EV company.
To some, a lender or a leasing company and for some an energy storage provider.
Each description is true in part.
We lease commercial EVs onto the road, then give their batteries a second life as energy storage.
That category didn't exist. We built it.
The transition doesn't stall on technology.
It stalls on economics.
No one could value a commercial EV battery across its real life.
So lenders held back, operators stalled, and batteries worth far more went to waste.
We fixed that.
Three verticals.
One intelligence layer. One flywheel.
Most EV systems stop at the vehicle. Turno is built around the battery - trained on how it actually behaves across Indian routes, climates, and charging patterns.
Four decisions. One direction.
Each move was the same bet - that the next piece of the battery lifecycle was worth owning.
One Connected System
Heavy commercial vehicle leasing. Battery pack manufacturing. The intelligence layer, now mature, running across every vertical — at scale.
The intelligence layer.
Battery intelligence built from the ground up degradation models, residual-value frameworks, second-life systems, trained on real operating data.
Building the market.
Turno stopped waiting for a market and built one: stores across 10 cities, and India's first organised marketplace for electric three-wheelers.
The starting point.
The terms operators were offered didn't work. Turno rebuilt underwriting around battery value and became a top-three lender in electric three-wheelers.
The team.
Every function at Turno is led by someone who has spent their career in that domain. Not adjacent to it - in it.
Hemanth Aluru
Co-Founder
About
Previously CBO at Zoomcar, where he ran India's first 6,000-EV fleet, built IoT systems for 20,000+ connected assets, and raised $250M in debt from 40+ lenders. Before that, private equity at Goldman Sachs. IIT Madras. Dartmouth. He didn't come to battery economics through theory — he came through the problem.
Sudhindra Reddy
Co-Founder
About
DRDO scientist. P&G manufacturing and logistics. Zoomcar COO across operations, IoT, and customer experience. Three worlds that don't usually sit together — and each is exactly what building Turno requires. NIT Bhopal. IIT Bombay MBA.
Varun Das
Business Head - Battery
About
Strategic partnerships at FreoPay, Edelweiss, Cisco. Brings the capital relationships that keep the financing flywheel moving.
Shouri Srinivas Chikkerur
Business Head - Heavy Commercial Vehicle
About
An IIT Delhi graduate with roots in venture capital at Elevation Capital, hands-on experience as a founder, and strategy consulting at Parthenon, Shouri brings a full-stack perspective to company building. He currently heads the large vehicle business at Turno.
Varun Nair
Business Head - Small Commercial Vehicle
About
Heads the small vehicle business at Turno. Varun is a SP Jain graduate and has led product /tech at Paytm, Zoomcar and Lazypay.
Backed by the best
