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Former Mooving co-founder rolls out TrusTerra to boost pre-owned EV ecosystem

Entrackr · 24d ago

Medial

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. TrusTerra aims to solve the sector’s most pressing challenges: lack of trust, standardisation, and resale value in the pre-owned EV market. The platform is designed to bridge this gap with a transparent, data-driven, and standardised assessment framework that makes used EV transactions credible and liquid. According to market research, India’s EV sector is projected to cross 10 million units in annual sales by 2030, yet resale penetration remains under 2%. “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.” TrusTerra’s innovative product, TruEV Score, is 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. The Delhi-based startup’s other products include 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 startup says it 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, and leasing companies). Over the next 3–5 years, the platform aims to facilitate 1 million pre-loved EV transactions, while targeting a Rs 500 crore market cap within its first two years of operations.