Angel Investments
Electric mobility player Snap-E Cabs raises $2.5 M led by IPV
Kolkata-based electric mobility startup Snap-E Cabs has raised USD 2.5 million (around INR 22 crore) in a bridge round led by Inflection Point Ventures (IPV). The round also saw participation from ah! Ventures and a host of angel investors, including Shish Kharesiya, Praveen Chand, and Jaspreet Kaur.The new funds will be used for product development, leasing more EV cars, and enhancing its operations in Delhi NCR.Founded in 2022 by Mayank Bindal and Mahendra Bindal, Snap-E Cabs is a subsidiary of Steelman Telecom Ltd. It offers ride-hailing services by deploying electric cars and also leases its cars to fleet operators. The startup claims to operate 1,112 EV cars currently, up from about 500 in late 2024. It also operates its own EV charging infrastructure.Last year, Snap-E Cabs raised USD 2.5 million in its pre-Series A funding round from IPV.
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