In a significant step for India’s fast-growing electric mobility ecosystem, Tanvir Singh, former top executive and co-founder of Mooving, today unveiled his new venture TrusTerra, alongside co-founders Saurabh Arora, Madhu Reddy, and Chanakya Agarwal. Positioned as India’s first AI-backed platform for used EV resale, TrusTerra aims to solve the sector’s most pressing challenge: lack of trust, standardisation, and resale value in the pre-owned EV market.
India’s EV sector is projected to cross 10 million units annual sales by 2030, yet resale penetration remains under 2%. This gap has created confusion for buyers, heavy depreciation for sellers, and hesitation from dealers to engage in the segment. TrusTerra is designed to close this gap with a transparent, data-driven, and standardised assessment framework that makes used EV transactions credible and liquid.
“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.”
“The lack of a trusted resale framework has been one of the biggest barriers to wider EV adoption in India,” said Avinash Sharma, Founder, ElectricPe talking about the launch. “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 TrusTerra is the TruEV Score™, a proprietary AI-driven valuation system that measures an EV’s battery health, range consistency, and remaining useful life (RUL). Much like a credit score for EVs, it ensures fair pricing, strengthens buyer confidence, and creates clarity for dealers and financial institutions alike. Complementing the score are two powerful solutions: TerraCash™, a rapid diagnostic and liquidity service that lets EV owners instantly assess their vehicle’s health and receive bids with payment within 24 hours, and TerraBid™, a certified dealer auction platform that filters only quality EVs into the market while also offering 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 AI-backed diagnostic and scoring approach and demonstrate the TruEV Score™ in action.
Initially focusing on Delhi NCR, TrusTerra plans to expand to key EV hubs such as Bengaluru, Pune, and Hyderabad. The platform will serve both B2C customers (individual owners and buyers, including gig workers) and B2B clients (fleets, dealers, banks, leasing companies). Over the next 3–5 years, TrusTerra aims to facilitate 1 million pre-loved EV transactions, while targeting a ₹500 crore market cap within the first two years of operations. This ambition reflects both the scale of opportunity in the used EV ecosystem and the team’s confidence in building India’s resale backbone for electric mobility.