TrusTerra, an AI-driven marketplace for pre-owned electric vehicles (EVs), has raised $1 Millon in a pre-seed funding round co-led by Finvolve and India Accelerator. The round also saw participation from GrowthCap Ventures and several strategic angel investors, including Shishir Maheswari (MD, E-Mobility/Eversource Capital), Samrath Jit Singh (Founder, Trontek Batteries), Ayush Lohia (CEO, Lohia Auto), and Kapil Nirmal.
Launched in 2025 by Tanvir Singh, Saurabh Arora, Madhu Reddy, and Chanakya Agarwal, TrusTerra aims to standardize and bring transparency to India’s rapidly growing used EV market. The platform offers innovative solutions such as TruEV Score™, TerraCash™, and TerraBid™ to address key challenges in the sector, including trust, liquidity, and financing.
Since its inception, TrusTerra has onboarded over 150 dealers, evaluated more than 2,000 used EVs for resale, and facilitated transactions worth over ₹3 crore. The TruEV Score™ is already being piloted with OEMs, non-banking financial companies (NBFCs), and fleet operators, generating strong interest from lenders and manufacturers.
The fresh capital will be utilized to enhance the TruEV Score™, expand the platform’s web and mobile marketplace across India’s top EV adoption cities, and strengthen partnerships with OEMs, NBFCs, banks, and dealers. Additionally, TrusTerra plans to invest in senior technology, operations, and business development hires to support its growth.
With the Indian government’s push for increased EV adoption, TrusTerra’s innovative approach positions it as a key player in building the resale backbone of India’s EV revolution.
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