TrusTerra, an AI-powered marketplace for pre-owned electric vehicles (EVs), has raised Rs 9 crore in a pre-seed funding round co-led by Finvolve and India Accelerator, with participation from GrowthCap Ventures and strategic angels including Shishir Maheswari, Samrath Jit Singh, Ayush Lohia, and Kapil Nirmal.
The fresh funding will be used to scale TruEV Score™, expand TrusTerra’s web and mobile marketplace across India’s top EV adoption cities and Tier-2 markets, strengthen partnerships with OEMs, banks, NBFCs, and dealers, and invest in technology, operations, and business development talent.
Founded this year by Tanvir Singh, Saurabh Arora, Madhu Reddy, and Chanakya Agarwal, TrusTerra is addressing the challenges of transparency and trust in India’s pre-owned EV segment. Its AI-backed solutions, including TruEV Score™, TerraCash™, and TerraBid™, aim to create a resale ecosystem that simplifies transactions and provides verified battery health data, instant financing, and secure deals.
“With our TruEV Score™ and instant-sell marketplace, TrusTerra is unlocking trust and liquidity in India’s pre-owned EV market,” said Tanvir Singh, co-founder & CEO.
Since launch, TrusTerra has onboarded over 150 dealers, evaluated more than 2,000 used EVs, and facilitated transactions exceeding Rs 3 crore. Its TruEV Score™ is being piloted with OEMs, fleet operators, and NBFCs, generating significant interest from lenders and manufacturers.
Looking ahead, the Delhi-based startup plans to certify 20,000 used EVs across 20+ cities, creating a robust resale network where customers, dealers, and financiers can transact with confidence. By providing verified battery scores, transparent pricing, and instant financing options, TrusTerra is positioned to drive India’s EV resale market into a structured, trust-driven future.
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