Stellaris Venture Partners
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B2B Commerce | Fintech
Platform to drive commercial EV adoption through improved discovery and financing

Founded in 2022

Founders

Hemanth Aluru, Sudhindra Reddy

Co-investors

Avaana Capital, B Capital, Quona Capital, British International Investment (BII)

Investment team

Arpit Maheshwari, Ritesh Banglani

Stage invested

Seed

Year of investment

2022

Spotlight

EV marketplace-financing startup Turno raises $6 million from BII, others

Economic Times|Portfolio in the News

Turno: Addressing key challenges in the Commercial EV sector

CNBC-TV 18|Portfolio in the News

How Turno Plans To Electrify India’s Commercial Vehicles Market

Forbes|Portfolio in the News

Commercial EV financing startup Turno raises $13.8 million in funding

Economic Times|Portfolio in the News

Catalyzing India’s Move to Electric – Our Investment in Turno

Arpit Maheshwari|Investment Announcement

Commercial EV Startup Turno raises $3.1 million in funding from Stellaris Venture Partners

Economic Times|Portfolio in the News
View All
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2nd Floor, Indiqube Coral,
DOS Colony, Bangalore
560075, India

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Exit Provisions

The Company and the Founders shall complete an initial public offering or a ‘strategic sale’ within 5 years from the Closing Date (“Exit Date”) on terms that are acceptable to the Investor. The failure of Company and Founders to provide an exit by the Exit Date shall not relieve the Company / Founders of their obligations to provide an exit to the Investor, which shall continue until the Investor ceases to hold any shares. In case of failure to provide exit, the Investor shall inter-alia have a drag along right on all other shareholders of the Company.

Liquidation Preference

Higher of 1x or pro rata entitlement on an as-if converted basis in any liquidity event. Liquidity event shall be defined in the definitive documents and will inter alia include change in control or sale of substantially all of the assets of the Company.

Pre-Emptive Rights

The Investor shall, in any subsequent offering of securities by the Company, have a right to maintain their shareholding in the Company. [Note to Draft: Any super pro rata rights will be over and above this and should be included here]

Valuation

The valuation section concerns what an investor believes the company is worth. valuation issues addressed in the term sheet will include: pre-money valuation, post-money valuation, capitalization table and price per share.