On September 23, 2025, TELO Trucks, maker of the first electric mini truck built for U.S. cities, announced the completion of its oversubscribed $20 million Series A funding. The round was led by Yves Behar and Marc Tarpenning, co-founder of Tesla and Venture Partner of Spero Ventures. Additional investment came from TO VC, E12 Ventures, Neo, Marc Benioff, Uncorrelated Ventures, Nova Threshold, MCJ, and others. Wilson Sonsini advised TELO Trucks on the transaction.

TELO has received over 12,000 pre-orders, totaling over $600 million. The company specializes in producing compact trucks that contrast with larger models on the market. With this new round of funding, TELO aims to achieve production readiness and meet all federal regulations to launch the TELO MT1.

The Wilson Sonsini team that advised TELO Trucks on the transaction includes Yokum Taku, Avi Emanuel, Anna An, Rhett Hunt, and Hayden Stephens.

For more information, please see TELO Trucks news release. Additional coverage can be found on TechCrunch.