A team of university racing engineers set out to make an electric bike that rides like a real motorbike and costs like one too. Then they hedged the bet - and started selling petrol versions of the same machine.
The Michigan startup has removed paint, screens and factory complexity from its electric pickup. What remains is a $24,950 test of whether restraint - plus a busy accessories marketplace - can make a new American car affordable again.
TELO Trucks is a San Carlos, California EV startup building the MT1, a compact all-electric pickup that packs the bed length and towing muscle of a mid-size truck into the road footprint of a two-door MINI Cooper. Founded in 2022 by Jason Marks, Forrest North, and designer Yves Behar, the company argues that American trucks got needlessly huge and that cities deserve a five-seat, five-foot-bed pickup that parks anywhere. With 12,000-plus preorders and a $20M Series A backed by Tesla co-founder Marc Tarpenning and Salesforce CEO Marc Benioff, TELO is targeting first deliveries by the end of 2026.