Electrical Mobility Firm SnapE Cabs has Raised $2.5 Mn in Bridge Spherical led by Inflection Level Ventures

• SnapE Cabs is an electrical mobility firm providing an end-to-end EV fleet and charging infrastructure platform.
• The funds will likely be used for nationwide growth (scaling Delhi), leasing electrical automobiles, and bettering merchandise.
• With an built-in EV charging community SnapE Cabs has grown to have greater than 1,100 EVs finishing over 3.2 million rides, 1.3 million app downloads and 1.2 million paying customers.   
• SnapE Cabs just lately entered the Delhi market by a strategic partnership with Rapido by deploying 200 Automobiles within the final 3 months, which has achieved profitability.
• Up to now, Inflection Level Ventures has invested over INR 800 Cr throughout 250+ startups.

Kolkata, September 11, 2025 – An electrical mobility firm, SnapE Cabs has raised $2.5 Mn in Bridge Deck Spherical led by Inflection Level Ventures, one among India’s largest Angel investing platforms.

The funds will likely be deployed in direction of operational overheads, leasing EV automobiles, and product growth and enhancement. The spherical additionally noticed participation from Ah Ventures, Shish Kharesiya , Praveen Chand, Jaspreet Kaur and others.

SnapE turned EBITDA optimistic in January 2025 with its fleet of EV automobiles rising to over 1,000. This development has been matched by the variety of customers, with greater than 1.2 million paying customers and over 1.3 million app downloads, which has led to three.2 million rides to date.

These achievements have helped the corporate attain ₹120 crores in gross income. SnapE Cabs just lately expanded its presence into the Delhi market by a strategic partnership with the ride-hailing service platform – Rapido by deploying 200 Automobiles within the final 3 months, which has achieved profitability. 

Mitesh Shah, co-founder IPV says, “The demand for clear and sustainable automobiles is rising globally. The ride-hailing platforms aren’t any exception. With an rising variety of individuals utilizing ride-hailing companies, this sector urgently wants a greener different.

SnapE Cabs is addressing this by not solely providing EV cab companies however by additionally constructing a supportive infrastructure. Its mannequin is each environmentally pleasant and financially sustainable, reaching development with out burning money for buyer acquisition, reductions, and fleet operations.

The latest tie up with Rapido additional strengthens the corporate mission for India’s EV adoption and sustainable purpose.”

SnapE Cabs is uniquely positioned within the Indian market with 100% possession of a completely electrical fleet and an unique hub of CPO companions.

This lets them supply “EV as a Service” to ensure they’ve sufficient provide to fulfill demand, which is presently at a wholesome 3:1 ratio. Its working prices are 60–70% decrease than these of typical ICE (inside combustion engine) cabs, which permits them to cost aggressive costs with out reducing into their earnings.

Moreover, SnapE retains the price of getting new prospects very low at solely 0.8% of income, and it retains as much as 90% of its riders.

The corporate’s strategic B2B partnerships, such because the one it has with Rapido to deploy 5000 cabs PAN India within the subsequent 2 years, offers it a bonus over current platforms, making its EV mobility mannequin scalable and sustainable.

SnapE Cabs was based by Mayank Bindal. He holds a grasp’s diploma in finance from the College of Glasgow. Earlier than beginning SnapE Cabs, he labored within the telecom trade for greater than 15 years at Steelman Telecom and now serves as the corporate’s Founder and CEO.

SnapE Cabs runs about 1,112 EV cabs, up from about 500 in late 2024 with their built-in community for charging EVs. The corporate is presently useful in Kolkata and rising into the Delhi-NCR space.

Mayank Bindal, Founder and CEO, SnapE Cabs says, “We’re not simply increasing; we’re delivering profitability at scale. With IPV backing us on this bridge spherical, SnapE has already deployed 200 electrical cabs in Delhi within the final 3 months, which were worthwhile from Day 1.

Over the following 12 months, we’re including one other 1000 automobiles, to not chase development metrics, however to fulfill a really actual provide hole left open out there.

Our focus shifts from a requirement aggregation to a supply-led infrastructure mannequin empowers different demand aggregators, enhances utilization, and de-risks margins.

In a sector constructed on burns, latest disruptions have created seen white house and squeezed up margins; SnapE is proving that EV fleet economics work at the moment, not simply on projections.

This spherical accelerates our mission to construct the spine that permits India’s EV mobility imaginative and prescient for 2030; clear, scalable, and constructed on fundamentals” 

The marketplace for electrical automobiles in India is anticipated to be value about $18.3 billion by 2029, with a CAGR of 28.5%. By 2030, electrical automobiles (EVs) are anticipated to make up greater than 40% of India’s $100 billion auto market.

Electrical ride-hailing can be rising shortly; by FY2030, EV cabs are anticipated to make up about 7% of the ride-hailing market. Moreover, round 57% of Indian shoppers now desire ride-hailing over private automobiles, signaling robust future demand

About SnapE Cabs:

SnapE (EC Wheels India Pvt. Ltd), based by Mayank Bindal, is an electrical mobility firm providing an end-to-end EV fleet and charging infrastructure platform for ride-hailing and fleet operators. It’s India’s first totally built-in electrical provide ecosystem (100% EV fleet + charging) for city mobility.

About Inflection Level Ventures:

Inflection Level Ventures (IPV) is an angel investing platform with over 24,000+ CXOs, HNIs, and Professionals to collectively put money into startups. The agency helps new-age entrepreneurs by offering them with financial & experiential capital and connecting them with a various group of buyers.

IPV has launched a $50 Mn CAT 2 VC fund, Physis Capital, to put money into Pre-Collection A to Collection B growth-stage start-ups. The fund has already deployed capital in six startups to date, with a couple of offers in superior levels of pipeline.

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