Alteria Capital has made a venture debt investment of ₹150 million in Turno (Blubble Private Limited), a commercial electric vehicle distribution and financing platform.
Khaitan Legal Associates advised Alteria Capital in this deal.
The transaction team consisted of Anisa Bawari (Senior Associate) and Vir Aditya Nanda (Associate).
Argus Partners acted for Turno in this fundraise.
The transaction team for the fund-raise from B Capital, Quona Capital, Stellaris Venture Partners and Avaana Capital was led by Abhinav Bhalaik (Partner), Armaan Patkar (Partner), Mayank Jhunjhunwala (Senior Associate) and Reha Mehta (Associate), Ishita Agarwal (Associate).
The transaction team for the fund-raise from InnoVen Capital was led by Namitha Mathews (Partner), Anukriti Goswami (Associate) and Jalaj Mahajan (Associate).
Turno intends to use the funding to build a proprietary battery-tech platform to address issues around end-of-life battery value, amid global concerns around EV batteries and e-waste.
If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.