Snap-E Cabs Raises $2.5 Million, To Add 300-400 EVs By FY24
India’s ambitious EV goals can significantly impact global oil markets and transition to sustainable development
Electric vehicle ride-hailing platform Snap-E Cabs said it had secured USD 2.5 million in a pre-series A round led by Inflection Point Ventures (IPV).
According to media reports, the fresh funds will fuel talent acquisition, technology upgrades, new services, and geographical expansion.It will enable Snap-E Cabs to add 300–400 EVs and expand to two–three new cities by the end of the current fiscal year, as reported.
Kolkata-based Snap-E Cabs, which was founded in 2022 by Mayank Bindal and Jaydip Mukherjee, aims to operate 1,500–2,000 EVs across five cities by the 2024–25 fiscal year. At present, it operates 600 EVs in Kolkata.
