Trueno

Trueno is a technology-driven electric vehicle (EV) mobility provider specializing in shared mobility and IoT-enabled fleet management for urban transport solutions in India. The company is recognized for its focus on sustainable, cost-efficient mobility, leveraging an integrated digital platform that combines IoT and machine learning to optimize fleet utilization and predict demand.

Core Products and Services

• Subscription-based and pay-per-ride EV rentals

• Mobile app for real-time tracking, booking and management

• B2B fleet solutions for logistics and delivery

• Doorstep vehicle delivery for added convenience

Business Model & Revenue Streams

• Revenue from subscriptions, pay-per-ride, B2B fleet management and tech licensing

• Subscriptions and B2B services are main revenue drivers

• Customer split: Majority B2B (logistics, SMBs), growing B2C (urban commuters, gig workers)

Top Clients & Partnerships

• Key clients: Urban logistics firms, SMBs, delivery platforms

• Strategic partnerships with local businesses and agents

• Long-term contracts with delivery/logistics partners

• Diversifying client base to reduce concentration risk

Future Outlook & Strategic Priorities

• Growth: Expand to more cities, enhance digital/IoT features, scale B2B subscriptions

• Risks: Regulatory changes, macroeconomic shifts, increasing competition

• Focus: Fleet growth, tech investment, data-driven operations, sustainable revenue expansion