Finvolve and India Accelerator Lead INR 9 Crore Pre-Seed in TrusTerra, Backed by GrowthCap Ventures

TrusTerra, India’s first AI-driven marketplace for used electric vehicles, has raised INR 9 crore in a pre-seed funding round led by Finvolve and India Accelerator, with co-investment from GrowthCap Ventures.

The round also saw participation from notable strategic investors, including Shishir Maheswari of Eversource Capital, Samrath Jit Singh of Trontek Batteries, and Ayush Lohia of Lohia Auto.

The funding will help TrusTerra enhance its proprietary TruEV Score, India’s first AI-based health metric for EVs, and scale TerraCash,, its instant-sell platform for pre-owned electric vehicles. The company aims to establish TruEV Score as the national benchmark for EV resale and financing, while expanding its marketplace across key EV adoption cities and Tier-2 markets.

“With our TruEV Score and instant-sell marketplace, TrusTerra is unlocking trust and liquidity in India’s pre-owned EV market,” said Tanvir Singh, Co-founder and CEO, TrusTerra. “We’re building the resale backbone of India’s EV revolution,where transparency in battery health and trust in resale are key to mass adoption," he added.

Ashish Bhatia, Founder and CEO of India Accelerator and Co-founder of Finvolve, said the firm was drawn to TrusTerra’s approach to solving critical challenges in EV adoption. “Used EV resale and battery health transparency are emerging as key drivers for large-scale adoption. TrusTerra’s early traction and innovative model convinced us they’re creating the backbone of a sustainable resale ecosystem,” he noted.

Echoing this sentiment, Pratekk Agarwaal, Founder and GP at GrowthCap Ventures, added, “TrusTerra’s TruEV Score has the potential to do for EVs what the credit score did for finance. By unlocking trust and financing, they’re addressing a major gap in clean mobility.”

Since its inception, TrusTerra has onboarded more than 150 dealers, evaluated over 2,000 used EVs, and facilitated transactions worth INR 3 crore. Over the next 18 months, it plans to certify 20,000 used EVs across 20 cities, strengthening its partnerships with OEMs, NBFCs, and banks.

With India’s EV market expected to reach 10 million annual sales by 2030, TrusTerra’s tech-led approach could play a pivotal role in shaping the future of the country’s pre-owned electric mobility ecosystem.