Snap-E Cabs raises USD 2.5 million in Pre-Series A funding led by Inflection Point Ventures
The company plans to invest in tech upgrades and the introduction of new tech-enabled services, and expand operations into additional geographies.
By Autocar Professional Bureau
2857 Views
Snap-E Cabs, a Kolkata-based EV Ride-hailing platform, has raised USD 2.5 million in a Pre-Series A Round led by Inflection Point Ventures.
The company plans to allocate funds for talent acquisition to support growth, invest in tech upgrades and the introduction of new tech-enabled services, and expand operations into additional geographies.
Rahul Wagh, Managing Director, Inflection Point Ventures said, “Enabling policies both, at a national and state level Indian government has made the environment conducive for e-mobility in India, helping drive towards its goal of achieving 30 percent electrification of the country's vehicle fleet by 2030. This shift has given rise to numerous business opportunities and models in the EV sector.”
The company which claims to maintain less than 5% downtime, currently operates with 600 electric vehicles in Kolkata and aims to add 300-400 EVs by the end of FY24.
The company wants to extend services to 2-3 additional cities, adding 1500-2000 EVs in FY25, as per the press release.
RELATED ARTICLES
Attero to Invest ₹100 Crore to Scale Rare Earth Recycling Capacity to 30,000 Tonnes
Sarthak Mahajan
19 Jun 2025
Investment supports India’s National Critical Mineral Mission, with a focus on reducing import dependence and enhancing ...
Uno Minda Approves Rs 210 Crore Manufacturing Facility for EV Casting Division
Shruti Shiraguppi
19 Jun 2025
The Committee of the Board of Directors approved the Detailed Project Report for setting up of new manufacturing facilit...
HMSI, Delhi Traffic Police Train Over 1200 Students in Road Safety Camp
Shruti Shiraguppi
19 Jun 2025
The 19-day summer camp aimed to build foundational road safety awareness among youth, aligning with HMSI’s broader goal ...
