Delhi-based AI-powered EV marketplace TrusTerra has raised ₹9 crore in a pre-seed funding round co-led by Finvolve and India Accelerator, with participation from GrowthCap Ventures and strategic angels including Shishir Maheswari, Samrath Jit Singh, Ayush Lohia, Kapil Nirmal, among others.
The funding marks a significant early boost for the startup as it works to build India’s most trusted ecosystem for pre-owned electric vehicles (EVs).
The newly raised capital will be utilized to scale TrusTerra’s flagship product, TruEV Score™, expand its web and mobile marketplace across key EV adoption hubs and Tier-2 cities, and strengthen partnerships with OEMs, NBFCs, banks, and dealers.
The company also plans to enhance its technology infrastructure, operations, and leadership team to accelerate growth and innovation in India’s EV resale ecosystem.
Founded in 2025 by Tanvir Singh, Saurabh Arora, Madhu Reddy, and Chanakya Agarwal, TrusTerra is developing an AI-driven marketplace that promotes transparency, trust, and liquidity in the used EV sector.
Its suite of products, TruEV Score™, TerraCash™, and TerraBid™ empowers stakeholders across the EV value chain to make data-backed decisions on vehicle valuation, financing, and trade.
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Since its inception, TrusTerra has onboarded over 150 dealers, evaluated more than 2,000 used EVs, and facilitated transactions worth ₹3 crore. The TruEV Score™, currently being piloted with OEMs, NBFCs, and fleet operators, provides a verified battery health assessment, thereby improving trust and enabling better financing options in EV resale.
Looking ahead, TrusTerra aims to certify 20,000 used EVs across 20+ cities, positioning itself as a key enabler in India’s electric mobility transition. By combining AI-powered valuation, verified certification, and instant financing, the startup seeks to build the resale backbone of India’s EV market, driving sustainable adoption and circular growth in the green mobility ecosystem.
