AI-backed used electric vehicle marketplace TrusTerra has raised $1 million (Rs 9 crore) in a pre-seed funding round co-led by Finvolve and India Accelerator, with co-investment from GrowthCap Ventures and participation from strategic angels including Shishir Maheswari, Samrath Jit Singh, Ayush Lohia, Kapil Nirmal, among others.
The Delhi-based startup plans to utilize the funds to scale its TruEV Score, expand its marketplace across top EV adoption cities and Tier-2 markets, and build stronger partnerships with OEMs, NBFCs, banks, and dealers. Additionally, TrusTerra aims to strengthen its team through senior hires in technology, operations, and business development.
Founded in 2024 by Tanvir Singh, Saurabh Arora, Madhu Reddy, and Chanakya Agarwal, TrusTerra leverages AI to bring transparency, trust, and liquidity to India’s pre-owned EV ecosystem. Its suite of products—TruEV Score™, TerraCash™, and TerraBid™—helps buyers and sellers make data-driven decisions with verified battery health and financing options.
“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 of TrusTerra.
Since its launch, the company has onboarded over 150 dealers, evaluated more than 2,000 EVs, and facilitated transactions worth Rs 3 crore. Its TruEV Score™ is currently being piloted with OEMs, NBFCs, and fleet operators, drawing significant interest from lenders and manufacturers.
Looking ahead, TrusTerra aims to certify 20,000 used EVs across 20+ cities, positioning itself as the resale backbone of India’s growing EV revolution through its digital marketplace for verified, finance-ready electric vehicles.
By: Sandhya Bharti
