Turno Partners Tata Motors To Offer 25% Assured Buyback On Electric Commercial Vehicles
Buying an electric commercial vehicle could become less risky for small businesses. Bengaluru-based EV financing startup Turno has partnered with Tata Motors to offer customised financing for its electric small commercial vehicles, including the Ace Pro EV, Ace EV 1000 and Intra EV Pickup. The package includes quick loan disbursements, flexible repayments and a 25% assured buyback guarantee.
The partnership aims to address two major concerns for commercial EV buyers: financing access and future resale value. Founded by Hemanth Aluru and Sudhindra Reddy, Turno will bring its battery intelligence and lifecycle management expertise to the arrangement. However, loan interest rates and the exact buyback calculation have not yet been disclosed.
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