TrusTerra, a used-EV site specializing in motorcycles, has been launched by Tanvir Singh, former co-founder of a battery-swapping and battery-as-a-service startup, Mooving.
TrusTerra aims to solve the lack of trust, standardization, and resale value hindering the used EV market in India. Entrackr reports that used-EV resale accounts for just 2.0% of the total EV transactions in India.
Led by Singh and co-founders Saurabh Arora, Madhu Reddy, and Chanakya Agarwal, TrusTerra is set to provide a data-driven, standardized assessment framework and make EV transactions more credible and transparent.
“For India to electrify affordably, a trusted resale backbone is critical,” said Singh. “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.”
Among its initial offerings are ‘TruEV Score’, an AI-driven valuation system that measures an EV’s battery health, range consistency, and ‘remaining useful life’. The score, TrusTerra says, ensures fair pricing and provides clarity to buyers and financial institutions alike.
Additionally, TrusTerra has unveiled ‘TerraCash’, a rapid diagnostic service that allows EV owners to instantly assess their motorcycle’s health, receive bids, and payment within 24 hours, and ‘TerraBid’, a certified dealer auction service with financing, extended warranty, and assured buyback options.
TrusTerra is expected to operate on a b-to-c and b-to-b model, catering to both customers and businesses alike. The company is currently in discussion with leading EV manufacturers, OEMs, banks, and insurers to validate its products, specifically TruEV Score.
TrusTerra has not disclosed the likelihood of its expanding to used electric cars in the future. It intends to focus on the Delhi National Capital Region initially before expanding to Bengaluru, Pune, and Hyderabad.
A SP Global study revealed that India’s EV market continues to be relatively small, accounting for just 2.5% of all cars sold in 2024. Used EV transactions are much less popular, largely due to unfavourable taxation: New EVs benefit from a subsidized 5% goods and services tax (GST), whereas used EVs are charged the same GST as internal combustion engine (ICE) vehicles at 18%. Moreover, customers are wary of high prices, mileage, and limited charging stations across the country, particularly in rural and semi-urban areas.
