PE-VC Fund Investments
Used EV marketplace TrusTerra raises $1-M led by Finvolve
New Delhi-based TrusTerra , an AI-backed marketplace for used electric vehicles (EVs), has raised USD 1 million (INR 9 crore) in a pre-seed funding round. The round was co-led by Finvolve and India Accelerator, with co-investment from GrowthCap Ventures. Strategic angels who participated in the round include Shishir Maheswari, Samrath Jit Singh, Ayush Lohia, and Kapil Nirmal, among other investors.The company plans to deploy the newly raised capital to scale its TruEV Score and expand its web and mobile marketplace. This expansion will target India's top EV adoption cities and Tier-2 markets.Additionally, TrusTerra aims to strengthen its partnerships with Original Equipment Manufacturers (OEMs), Non-Banking Financial Companies (NBFCs), banks, and dealers.
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