Snap-E Cabs secures $2.5M bridge funding to accelerate EV ride-hailing growth

Snap-E Cabs has raised $2.5 million in Bridge funding led by Inflection Point Ventures, with participation from ah! Ventures, and other angel investors.

Founded by Mayank Bindal and Mahendra Bindal in 2022, Kolkata, India, Snap-E Cabs is building an EV-first ride-hailing platform that also leases EVs to fleet operators. It owns its entire fleet and has built its own charging network, serving over 1.2 million paying users.

The fresh capital will be used for product development, adding more EV cars on lease, and expanding operations in Delhi NCR.

Snap-E Cabs runs 1,112 EVs and serves over 1.2 million paying users.

The company turned EBITDA profitable in January 2025.