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Smart swapping network Mooving’s cofounder Tanvir Singh has launched an AI-based startup for used EV resale.
The new venture, TrusTerra, launched alongside cofounders Saurabh Arora, Madhu Reddy and Chanakya Agarwal, aims to solve the sector’s most pressing challenges – lack of trust, standardisation and resale value in the pre-owned EV market.
“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,” Singh said.
The Gurugram-based startup has been operating in stealth mode for about a year. It further plans to expand into cities such as Bengaluru, Pune and Hyderabad.
Through TrusTerra, the platform boasts of a proprietary AI-driven valuation system called TruEV Score, which measures an EV’s battery health, range consistency, and remaining useful life (RUL).
The startup also mentioned that it will offer EV owners instant access to their vehicle’s health and receive bids with payment within 24 hours under its label TerraCash, and a certified dealer auction platform called TerraBid, that filters only quality EVs into the market while also offering financing, extended warranties, and assured buyback options.
As part of its growth roadmap, TrusTerra is targeting 1 Mn pre-loved EV deals in the next 3–5 years, while also targeting to touch an INR 500 Cr market cap in its initial two years.
(The story will be updated soon.)
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