Building trust in the used EV ecosystem
TrusTerra, India’s first dedicated marketplace for pre-owned electric vehicles, has raised ₹9 crore in a Pre-Seed funding round led by Finvolve and India Accelerator, with participation from GrowthCap Ventures and prominent angel investors including Shishir Maheshwari, Samrath Kochar (Founder, Trontek Batteries), Ayush Lohia (CEO, Lohia Auto), and Kapil K Nirmal. The funding will be used to scale TrusTerra’s AI-driven TruEV Score™, which evaluates EV health and performance to enable transparent resale and financing.
Scaling certification and resale transparency
The company has already evaluated more than 2,000 used EVs, onboarded 150+ dealers, and facilitated transactions worth over ₹3 crore. Over the next 18 months, TrusTerra plans to certify 20,000 used EVs across 20+ cities. Its platform integrates vehicle data, battery diagnostics, and AI analytics to provide real-time valuation, making resale more accessible for both consumers and dealers.
Creating benchmarks for India’s second-hand EV market
With the TruEV Score™, TrusTerra aims to establish a nationwide benchmark for EV health and value — a step expected to unlock financing options, improve consumer confidence, and boost adoption of used EVs. According to the company, the new funding will accelerate platform development, dealer expansion, and partnerships with OEMs and financiers to strengthen the resale ecosystem.
