TrusTerra is building a battery health score to make used electric vehicles resellable
TrusTerra runs an online marketplace for pre-owned electric vehicles built around its own battery health rating, with instant-sale and dealer auction services alongside it.
India has been buying electric two-wheelers and cars in rising numbers, but the market for reselling them has not developed at the same pace. A used petrol vehicle can be priced on mileage and service history. A used electric one comes down to the state of its battery. The battery is the most expensive part of the vehicle, and a buyer cannot check it by simply looking.
was set up in 2024 to supply that missing piece of information. It was founded by Tanvir Singh, Saurabh Arora, Madhu Reddy and Chanakya Agarwal, who spent close to a year building quietly before announcing itself in August 2025. Singh, the CEO, was earlier a co-founder at the battery-swapping venture Mooving. The founding team's background covers mobility, financial technology and battery systems.
The company says resale penetration in India's electric vehicle market remains under 2%. By that measure, sellers are exposed to steep depreciation, buyers are uncertain about what they are paying for, and dealers have little reason to stock the category. Lenders and insurers face the same gap. Neither can price a battery that nobody has measured.
A score for the battery
The core product is TruEV Score, a rating that assesses a vehicle's battery health, range consistency and remaining useful life. TrusTerra describes it as the equivalent of a credit score for an electric vehicle: a single reference number that a buyer, a dealer, a financier and an insurer can each price against.
The platform pulls together vehicle data, battery diagnostics and analytics to produce a valuation. Two services sit on top of the score. TerraCash gives an owner a diagnostic and a bid, with payment offered within 24 hours. TerraBid is an auction marketplace for certified dealers, with financing, warranties and buyback options attached to listings.
The company says it has been running TruEV Score with original equipment manufacturers (OEMs), non-banking financial companies (NBFCs) and fleet operators to test it against their own valuation and lending decisions.
The plan for 20 cities
TrusTerra raised Rs 9 crore, about $1 million, in a pre-seed round announced in October 2025. The round was co-led by Finvolve and India Accelerator, with co-investment from GrowthCap Ventures.
Angel investors in the round included Shishir Maheswari of Eversource Capital, Samrath Jit Singh of Trontek Batteries, Ayush Lohia of Lohia Auto, and Kapil Nirmal, alongside other investors from the electric vehicle and financial technology sectors. TrusTerra's stated goal is for TruEV Score to be used across the industry as a common reference, rather than only on its own platform.
At the time of the round, the company said it had onboarded more than 150 dealers, evaluated over 2,000 used electric vehicles and facilitated transactions worth more than Rs 3 crore.
The funds are going into scaling the score, expanding the marketplace out of Delhi NCR into Bengaluru, Pune and Hyderabad along with smaller cities, and senior hiring across technology, operations and business development. Building partnerships with manufacturers, banks, non-banking lenders and dealer networks is part of the same plan.
TrusTerra has said it intends to certify 20,000 used electric vehicles across more than 20 cities within 18 months of the round. The marketplace runs on web and mobile, and lets customers, dealers and financiers trade vehicles with a verified battery score and financing attached.
(This story has been researched and compiled using publicly available information.)