Tesla co-founder invests in tiny electric truck startup TELO
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TELO Trucks, a startup specializing in small electric pickup trucks, has raised $20 million in funding, with Tesla co-founder Marc Tarpenning as a lead investor. The company aims to produce the MT1, a compact electric truck priced at $41,000, featuring a 260-mile range, seating for five, and a versatile 5-foot bed that can extend to 8 feet. Despite previously raising only $8 million, TELO has successfully developed two pre-production prototypes.
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