- Telo secures $20M to launch MT1 electric pickup by 2026 with big ambitions.
- Small truck promises to offer 350-mile range, 5seats, and a 5-foot-long bed.
- Priced from $41K, it targets city buyers frustrated by oversized electric trucks.
A little over two years ago we first heard of the Telo, a pickup truck with qualities and stats that seemingly make no sense. It has four doors, five seats, is all-electric, makes up to 500 horsepower, can go 350 miles between charges, and fits a full 4×8 sheet of plywood in the bed, all while taking up the footprint of a Mini Cooper. This week, it’s reached a new funding goal of $20 million and is one step closer to reality.
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Read: $30K Ford Electric Truck Coming In 2027 Is Seriously Bad News For Slate
Announced by Drew from Telo on YouTube, the $20 million concludes what the company calls Series A funding. That cash is going to go into production tooling. The next step after the tooling is set up is to build production-intent prototypes. Telo is also going to expand the team and partner with an existing contract manufacturer.
From Prototype To Reality
Getting the mini truck with a big personality to market will then require federalization, crash testing, and certifications. It’s hoping that state-of-the-art manufacturing, off-the-shelf parts usage, and collaborating with existing manufacturers will not only speed up development but help that $20 million go further than it would otherwise.
One More Thing
We’ve all watched the automotive industry promise a lot and deliver very little. Think of things like the Cybertruck, Faraday Future, Level 3 Driving from Stellantis, and more. Along those same lines, brands have promised specific prices and then ended up having to jack those prices up before launch. Telo might just be the outlier there.
Originally, it was aiming for a starting price of $49,995. Now, it says it’s targeting a starting price of $41,520. That may or may not sound more attainable than Slate’s sub-$20,000 claim for its bare-bone electric truck, which was later adjusted to $27,500 after the federal EV tax credit disappeared.
Either way, that’s only worth believing when and if it actually happens, but it’s noteworthy. Arguably, that price is still too high to get people excited since Federal EV incentives are dead in just a few days.
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Nevertheless, should the Telo make it to market, it might just be cheap enough to be an attractive option in a sea of trucks that are too big, too fuel-thirsty, and far more expensive. Of course, if Ford actually builds a $30,000 EV truck, the Telo might find itself without a market.
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