Exciting #investment news! ⚡ We're proud to have MCJ Collective's support in our drive to build the most efficient #EV mini-truck ever. 🛻 Thank you for helping #TELOTrucks unleash #climate innovation! 🚀 #FutureMobility #AutoDesign #PickupTrucks #ElectricVehicles #Sustainability
If you haven’t noticed, pickup trucks in the USA today are huge. This isn’t just an observed phenomenon; the U.S. pickup truck market has shifted toward larger vehicles, a trend driven by EPA regulations implemented since 2010 that linked fuel efficiency to vehicle weight. Despite legacy OEMs offering electric pickups, their focus on matching the size and performance of traditional ICE trucks makes these EVs too large for urban use. TELO Trucks aims to address this gap by developing lightweight, compact electric pickups designed for urban adventures. We are thrilled to announce MCJ's investment in TELO's Seed round, led by Neo, with additional investment from Spero Ventures and multiple prominent angel investors in the space. We believe TELO Trucks is poised to redefine the future of urban mobility with its groundbreaking electric pickups, and we are excited to support Jason Marks, Forrest North, and Yves Béhar in this journey. Learn why we invested: https://mcj.news/telo