Friday, October 31, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home World Regional News Asia

TrusTerra Secures $1 Millon in Pre-Seed Funding

Tech Gist Africa by Tech Gist Africa
10/09/2025
in Asia
0 0
0
TrusTerra India

TrusTerra India

0
SHARES
Share on FacebookShare on Twitter

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.

 

Read more on Tech Gist Africa: 

India’s iDO Devices Raises $4M to Power Product-Tech Ambitions

Indian Content startup Lokal raises $14.6M

India’s Payments checkout startup Nimbbl raises $3.5M

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

SoftBank Acquires ABB Robotics
Acquisition

SoftBank Acquires ABB’s Robotics Division for $5.4 Billion, Advancing ‘Physical AI’ Vision

by Tech Gist Africa
10/21/2025
0

In a strategic move to bolster its "Physical AI" ambitions, SoftBank Group has agreed to acquire ABB Ltd.'s robotics division...

Read more
Zepto India

Zepto Secures $450 Million, Elevates Valuation to $7 Billion Amid India’s Quick Commerce Surge

10/21/2025
CXMT China

CXMT Eyes $42B Valuation in Shanghai IPO Amid AI Memory Surge

10/21/2025
Capgemini WNS

Capgemini Finalizes $3.3 Billion Acquisition of WNS, Establishing Leadership in AI-Powered Intelligent Operations

10/21/2025
Tech in Asia Conference 2025

Tech in Asia Conference 2025: Shaping Southeast Asia’s Digital Future

10/09/2025
Next Post
Amazon Web Services AWS Startups

AWS Selects 40 Startups for 2025 Generative AI Accelerator

Tech in Asia Conference 2025

Tech in Asia Conference 2025: Shaping Southeast Asia’s Digital Future

AI funding

EU Unveils €1 Billion 'Apply AI' Strategy to Boost Domestic AI Adoption

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

The Big 5

Fake Job Offers

How to Recognize Fake Job Offers and Prevent Online Recruitment Scams

by Tech Gist Africa
10/27/2025
0

...

Dubai GITEX Global 2025

GITEX Global 2025 Concludes in Dubai: A Milestone for AI, Innovation, and Global Collaboration

by Tech Gist Africa
10/21/2025
0

...

Arabic Language Innovation Accelerator Saudi Arabia

Arabic Language Innovation Accelerator: Empowering the Future of Arabic Tech Startups

by Tech Gist Africa
10/21/2025
0

...

Central Bank of Kuwait

Central Bank of Kuwait Launches Initiative Accelerator Program to Foster Financial Innovation

by Tech Gist Africa
10/21/2025
0

...

Africa startups

Founder Institute Opens Applications for Cameroon–Lagos Fall 2025 Accelerator

by Tech Gist Africa
10/21/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.