In a significant step for India’s electric mobility ecosystem, Tanvir Singh, former top executive and co-founder of Mooving, today announced the launch of TrusTerra, India’s first AI-backed platform dedicated to used EV resale. Joining him as co-founders are Saurabh Arora, Madhu Reddy, and Chanakya Agarwal.
TrusTerra aims to address one of the biggest challenges in the EV sector—trust, standardisation, and resale value in the pre-owned market. While India’s EV sales are projected to cross 10 million units annually by 2030, resale penetration remains under 2%, creating confusion for buyers, steep depreciation for sellers, and reluctance among dealers.
“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.”
Industry leaders echoed the sentiment. “The lack of a trusted resale framework has been one of the biggest barriers to wider EV adoption in India,” said Avinash Sharma, Founder of ElectricPe. “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.”
At the heart of the platform is the TruEV Score™, a proprietary AI-driven valuation tool that evaluates an EV’s battery health, range consistency, and remaining useful life (RUL). Much like a credit score, it ensures fair pricing, boosts buyer confidence, and enables clarity for dealers, financiers, and insurers.
TrusTerra will also offer two integrated solutions:
- TerraCash™: a rapid diagnostic and liquidity service enabling owners to assess their EV’s health and receive bids with payment within 24 hours.
- TerraBid™: a certified dealer auction platform offering only quality EVs, complemented by financing, extended warranties, and assured buyback options.
The company has already engaged with leading EV OEMs, banks, NBFCs, insurers, and dealer networks to validate its diagnostic and scoring approach. Initially launching in Delhi NCR, TrusTerra will expand to Bengaluru, Pune, and Hyderabad. Its services will cater to both B2C customers (individual owners, gig workers, buyers) and B2B clients (fleets, dealers, banks, leasing firms).
Looking ahead, TrusTerra aims to facilitate 1 million pre-owned EV transactions within 3–5 years and is targeting a ₹500 crore market cap within its first two years of operations. The venture positions itself as the resale backbone of India’s electric mobility future.
