India’s electric vehicle (EV) industry is entering a new phase as Trusterra, a deeptech platform launched by former Mooving co-founder Tanvir Singh, unveiled what it calls the country’s first AI-powered resale marketplace for used EVs. The initiative targets the fast-emerging secondary EV market, estimated to grow in tandem with rising EV adoption across two-wheelers, three-wheelers, and passenger vehicles.
Industry estimates peg India’s EV penetration at around 2% of total vehicle sales today, but with aggressive government incentives, lower battery costs, and expanding charging infrastructure, this share is expected to rise rapidly. By 2030, analysts project EVs could make up between 30% and 35% of total new vehicle sales. This expansion is creating an equally important need for a structured pre-owned EV market.
Addressing the trust gap
Trusterra positions itself as a “trusted marketplace” that aims to reduce consumer hesitation around buying used EVs, where issues of battery life, charging cycles, and resale value remain major barriers. Singh emphasized that AI will be at the core of solving these pain points. The platform will leverage AI-driven diagnostics, predictive maintenance tools, and battery health analytics to provide buyers with transparent assessments of vehicle condition.
“Just as CarDekho and Spinny professionalized the used car ecosystem, our vision with Trusterra is to create confidence and liquidity for pre-owned EVs,” Singh said at the launch.
AI as the differentiator
Unlike traditional resale platforms that rely heavily on manual inspection, Trusterra uses machine learning models trained on EV battery performance data, sensor readings, and usage patterns. By analyzing battery degradation curves, the platform promises to deliver more accurate residual value estimates and warranties, which are critical to buyer confidence.
In addition, Trusterra’s AI system helps match buyers with vehicles suited to their expected usage. For instance, an urban commuter may be recommended a two-wheeler with high cycle efficiency, while a logistics operator may be guided towards three-wheelers optimized for load-bearing and frequent charging.
Market opportunity
The used EV segment in India is currently small but poised for exponential growth. According to industry analysts, India’s used EV market could reach a valuation of ₹500 crore in the medium term as adoption picks up. Secondary demand is expected to mirror the trajectory of the used smartphone and used car industries, where trusted platforms with transparent pricing created large-scale adoption.
By bringing AI into the equation, Trusterra aims to offer not only a marketplace but also financing, insurance, and warranty support. Partnerships with banks, NBFCs, and EV ecosystem players are already being explored to offer bundled solutions to buyers and sellers.
Why resale matters for EV adoption
A transparent and reliable resale ecosystem is often seen as critical for mainstream adoption of EVs. Buyers remain concerned about the high upfront cost and uncertain resale value of EVs compared to conventional vehicles. Trusterra’s approach of integrating AI-based health reports and resale guarantees directly addresses this trust gap.
According to EV industry observers, the launch of such platforms could unlock latent demand among cost-conscious Indian consumers. It also helps OEMs indirectly by boosting confidence in first-time EV purchases, since buyers know they have a structured exit route through resale.
Industry context
India’s EV market has seen several recent developments aimed at building a stronger ecosystem. Government schemes like FAME-II, coupled with state-level subsidies, continue to incentivize adoption. Meanwhile, startups and established automakers alike are investing in charging infrastructure, battery-swapping networks, and financing options.
In this environment, the creation of a structured resale platform adds a missing piece of the puzzle. Globally, used EV marketplaces are emerging in Europe, the US, and China, where resale volumes are growing as adoption matures. Trusterra aims to replicate similar models in India, while adapting for local challenges such as fragmented markets and limited consumer awareness.
The Future Ahead
With Trusterra’s launch, India now has its first dedicated AI-powered used EV platform. While it is still early days, the company’s ambition is to scale quickly by onboarding EV dealers, fleet operators, and direct sellers. Success will depend on how effectively the AI tools can deliver reliable diagnostics and how fast the platform builds a network of trust.
Analysts suggest that the next two years will be critical, as the pre-owned EV market grows in proportion to the rising base of new EVs. If successful, Trusterra could position itself as the go-to destination for India’s pre-owned EV buyers and sellers, helping accelerate the country’s transition to cleaner mobility.