Tanvir Singh, co-founder of Mooving, has unveiled TrusTerra, India’s first AI-driven platform dedicated to used EV resale, alongside co-founders Saurabh Arora, Madhu Reddy, and Chanakya Agarwal. The launch comes at a crucial juncture for India’s electric vehicle market, which is projected to surpass 10 million annual sales by 2030, yet currently has a resale penetration of less than 2%. TrusTerra aims to close this gap by bringing trust, transparency, and standardisation to a segment seen as critical for the country’s sustainable mobility future.
“Used EVs are not a side market, they are the market,” said Singh. “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 platform’s flagship innovation is the TruEV Score™, a proprietary AI-based framework that evaluates battery health, range consistency, and remaining useful life, functioning much like a credit score for electric vehicles. This score is designed to help owners, buyers, and dealers assess value with greater confidence. Complementing it are TerraCash™, which offers instant diagnostics and liquidity with 24-hour payments, and TerraBid™, an auction marketplace that connects certified dealers with financing options, warranties, and assured buyback programs.
Industry voices have already endorsed TrusTerra’s approach. Avinash Sharma, Founder of ElectricPe, remarked: “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 is rolling out its services initially in Delhi NCR, with expansion plans targeting Bengaluru, Pune, and Hyderabad. The startup is forging partnerships with OEMs, banks, NBFCs, and insurers, ensuring a robust ecosystem to support its vision. Looking ahead, the company has set ambitious targets — facilitating 1 million pre-owned EV transactions and achieving a ₹500 crore market cap within its first two years.
By combining technology, financial services, and ecosystem partnerships, TrusTerra is positioning itself as the trusted backbone of India’s pre-owned EV market, ensuring affordability, liquidity, and reliability for millions of future EV users.
