AI-based platform TrusTerra launched for India’s used EV market

Tanvir Singh, former executive and co-founder of Mooving, has launched a new venture, TrusTerra, along with co-founders Saurabh Arora, Madhu Reddy, and Chanakya Agarwal. The company describes itself as India’s first AI-backed platform for resale of used electric vehicles (EVs). It seeks to address issues in the pre-owned EV market, such as low resale penetration, valuation gaps, and limited dealer participation.

India’s EV sector is projected to reach annual sales of 10 million units by 2030, while resale penetration remains below 2%. TrusTerra has introduced an AI-driven assessment framework to bring standardisation to resale transactions.

Central to the platform is the TruEV Score™, which evaluates battery health, range consistency, and remaining useful life (RUL) of an EV. According to the company, this scoring system is designed to provide uniform valuation for buyers, sellers, dealers, and financial institutions.

Along with the TruEV Score™, TrusTerra has introduced TerraCash™, a service for vehicle diagnostics and liquidity that enables owners to receive bids and payments within 24 hours, and TerraBid™, a dealer auction platform that includes financing, warranties, and buyback options.

The company has engaged with original equipment manufacturers (OEMs), banks, non-banking financial companies (NBFCs), insurers, and dealer networks to demonstrate its approach.

“Used EVs are not a side market, they are the market,” said Tanvir Singh, co-founder of TrusTerra. “For India to electrify affordably, a trusted resale backbone is critical. We are building that backbone to ensure every EV owner can unlock fair value, every dealer can trade with confidence, and every buyer can purchase with trust.”

“The lack of a trusted resale framework has been one of the biggest barriers to wider EV adoption in India,” said Avinash Sharma, Founder, ElectricPe talking about the launch. “TrusTerra’s AI-backed approach with the TruEV Score™ has the potential to unlock both consumer and dealer confidence, and will play an important role in strengthening the EV ecosystem.”

TrusTerra will begin operations in Delhi NCR and later expand to Bengaluru, Pune, and Hyderabad. The platform will serve both individual EV owners and buyers, as well as institutional clients such as fleets, dealers, and leasing companies. The company has set a target of facilitating 1 million used EV transactions over the next 3–5 years and aims to achieve a market capitalisation of ₹500 crore within two years of operation.

Also read: Secondary market starts shaping up for EVs | Interaction with Ujjwal Seth – Mechanify