On March 13, 2024, TELO, a maker of intelligently designed, compact electric vehicle trucks, successfully completed a $5.45 million strategic fundraise led by Neo, with additional investment from Spero Ventures and angel investors. Wilson Sonsini Goodrich & Rosati advised TELO on the transaction.

The additional funding will be used to continue to support the virtual vehicle safety validation and development of a road-ready model. Over 2,500 pre-orders of the TELO truck have been secured since launching in 2023.

The Wilson Sonsini team that led the transaction includes Yokum Taku, Brady Berg, Avi Emanuel, and Rhett Hunt.

For more information, please see TELO's news release. Additional coverage can be found on TechCrunch and The EV Report.