To provide a boost to India’s fast-growing electric mobility ecosystem, Tanvir Singh, former top executive and co-founder of Mooving, today announced the launch of his new venture TrusTerra, alongside co-founders Saurabh Arora, Madhu Reddy, and Chanakya Agarwal. Positioned as an 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 in 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.”
At the core of TrusTerra is the TruEV Score, a proprietary AI-driven diagnostic that evaluates an EV’s battery health, range consistency, and remaining useful life. Unlike OEM checks, which are limited to their own brands, or fragmented third-party tests, the TruEV Score offers a universal benchmark— “a CIBIL score for EVs.” It also factors in repairability, serviceability, and breakdown frequency, all of which significantly influence resale value. “Every resale market needs a benchmark. Without it, there is only guesswork. TruEV Score is that benchmark, and we see it becoming the industry standard,” Singh said.
Alongside the score, TrusTerra introduces two enabling solutions. TerraCash provides EV owners with an instant diagnostic and immediate bids with payment within 24 hours. TerraBid offers a certified dealer auction platform that filters only quality EVs into the market while providing financing, extended warranties, and assured buyback options. Together, they form a trusted resale backbone designed for scale.
The company has set an ambitious target of reaching a Rs 500 crore market cap within two years, anchored in three clear levers: transaction volumes, diversified revenue streams, and strategic partnerships. TrusTerra projects over 50,000 pre-owned EV transactions in the 2- and 3-wheeler segments through TerraCash and TerraBid, representing less than 2% of the addressable market. Monetisation will be driven by transaction commissions, paid TruEV Score™ certifications for dealers and financiers, and distribution fees from financing enablement.
Over the past year, the company has also been working with banks, NBFCs, insurers, and OEMs—many of these partnerships have already been formalised and will be announced shortly. “We are building a business that balances high-frequency transactions with recurring certification and financing revenues,” Singh explained. “This is what makes TrusTerra both scalable and defensible. The Rs 500 crore target is ambitious, but it is realistic.”
A critical part of TrusTerra’s mission is to build consumer trust in a resale market that remains opaque for EVs. For most owners today—whether a gig worker riding a scooter for income or a family that bought an electric car—resale is uncertain because no one knows how to evaluate battery health. Singh called this the “black box problem.” “Every gig worker today wants to know one thing: will my EV still give me value when I need to resell it? Our answer is yes, and we prove it with data, not guesswork,” he said. By empowering dealers with tools, sellers with instant liquidity, and buyers with transparency, TrusTerra is enabling the very networks customers already rely on—local dealers, financing partners, and fleet operators. Each transaction and each certified score, Singh believes, strengthens trust across the ecosystem.
Over the last year, TrusTerra has collaborated with leading banks, NBFCs, insurers, and OEMs to integrate TruEV Score into their underwriting and warranty frameworks. This integration allows financiers to confidently provide loans for pre-loved EVs and insurers to design resale-friendly products. OEMs are also exploring financing and buyback programs enabled by the score. While some manufacturers have introduced certified resale programs, Singh sees them as complementary rather than competitive. “The resale market is too vast for OEMs alone. What sets us apart is neutrality—we are brand-agnostic, AI-driven, and solely focused on resale,” he said.
Singh also sees a regulatory role ahead. “We expect regulation in used EV valuation to evolve much like CIBIL in finance or FASTag in mobility,” he said. “The government is already piloting the Battery Passport for traceability. TruEV Score is the credibility layer that ensures not just where a battery has been, but how healthy and reliable it actually is.”
With this approach, TrusTerra says it positions itself as the resale backbone of EV Revolution 3.0—where EV 1.0 was about hype and early adoption, and EV 2.0 about deployment, EV 3.0 will focus on ecosystem fixes such as resale, financing, insurance, and battery lifecycle. “Resale is the missing puzzle piece of India’s EV adoption story. Without solving it, affordability and confidence will always lag. With TrusTerra, we are ensuring EV ownership is not just sustainable, but financially viable for everyone,” Singh said.
TrusTerra will begin operations in Delhi NCR before expanding to Bengaluru, Pune, and Hyderabad. The platform will serve both B2C customers such as gig workers and families, and B2B clients including fleets, dealers, banks, and leasing companies. Over the next three to five years, it aims to facilitate one million pre-owned EV transactions.
India’s EV sector is projected to cross 10 million units in 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.”
At the core of TrusTerra is the TruEV Score, a proprietary AI-driven diagnostic that evaluates an EV’s battery health, range consistency, and remaining useful life. Unlike OEM checks, which are limited to their own brands, or fragmented third-party tests, the TruEV Score offers a universal benchmark— “a CIBIL score for EVs.” It also factors in repairability, serviceability, and breakdown frequency, all of which significantly influence resale value. “Every resale market needs a benchmark. Without it, there is only guesswork. TruEV Score is that benchmark, and we see it becoming the industry standard,” Singh said.
Alongside the score, TrusTerra introduces two enabling solutions. TerraCash provides EV owners with an instant diagnostic and immediate bids with payment within 24 hours. TerraBid offers a certified dealer auction platform that filters only quality EVs into the market while providing financing, extended warranties, and assured buyback options. Together, they form a trusted resale backbone designed for scale.
The company has set an ambitious target of reaching a Rs 500 crore market cap within two years, anchored in three clear levers: transaction volumes, diversified revenue streams, and strategic partnerships. TrusTerra projects over 50,000 pre-owned EV transactions in the 2- and 3-wheeler segments through TerraCash and TerraBid, representing less than 2% of the addressable market. Monetisation will be driven by transaction commissions, paid TruEV Score™ certifications for dealers and financiers, and distribution fees from financing enablement.
Over the past year, the company has also been working with banks, NBFCs, insurers, and OEMs—many of these partnerships have already been formalised and will be announced shortly. “We are building a business that balances high-frequency transactions with recurring certification and financing revenues,” Singh explained. “This is what makes TrusTerra both scalable and defensible. The Rs 500 crore target is ambitious, but it is realistic.”
A critical part of TrusTerra’s mission is to build consumer trust in a resale market that remains opaque for EVs. For most owners today—whether a gig worker riding a scooter for income or a family that bought an electric car—resale is uncertain because no one knows how to evaluate battery health. Singh called this the “black box problem.” “Every gig worker today wants to know one thing: will my EV still give me value when I need to resell it? Our answer is yes, and we prove it with data, not guesswork,” he said. By empowering dealers with tools, sellers with instant liquidity, and buyers with transparency, TrusTerra is enabling the very networks customers already rely on—local dealers, financing partners, and fleet operators. Each transaction and each certified score, Singh believes, strengthens trust across the ecosystem.
Over the last year, TrusTerra has collaborated with leading banks, NBFCs, insurers, and OEMs to integrate TruEV Score into their underwriting and warranty frameworks. This integration allows financiers to confidently provide loans for pre-loved EVs and insurers to design resale-friendly products. OEMs are also exploring financing and buyback programs enabled by the score. While some manufacturers have introduced certified resale programs, Singh sees them as complementary rather than competitive. “The resale market is too vast for OEMs alone. What sets us apart is neutrality—we are brand-agnostic, AI-driven, and solely focused on resale,” he said.
Singh also sees a regulatory role ahead. “We expect regulation in used EV valuation to evolve much like CIBIL in finance or FASTag in mobility,” he said. “The government is already piloting the Battery Passport for traceability. TruEV Score is the credibility layer that ensures not just where a battery has been, but how healthy and reliable it actually is.”
With this approach, TrusTerra says it positions itself as the resale backbone of EV Revolution 3.0—where EV 1.0 was about hype and early adoption, and EV 2.0 about deployment, EV 3.0 will focus on ecosystem fixes such as resale, financing, insurance, and battery lifecycle. “Resale is the missing puzzle piece of India’s EV adoption story. Without solving it, affordability and confidence will always lag. With TrusTerra, we are ensuring EV ownership is not just sustainable, but financially viable for everyone,” Singh said.
TrusTerra will begin operations in Delhi NCR before expanding to Bengaluru, Pune, and Hyderabad. The platform will serve both B2C customers such as gig workers and families, and B2B clients including fleets, dealers, banks, and leasing companies. Over the next three to five years, it aims to facilitate one million pre-owned EV transactions.
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