Snap-E Cabs funding, investors and company details

Snap-E Cabs is an emerging Automobile - EV startup from Kolkata, working in the space of EV-first ride-hailing platform. Founded by Mayank Bindal, Mahendra Bindal.

Company: Ec Wheels India Private Limited
Sector: Automobile - EV
Location: Kolkata
Founders: Mayank Bindal, Mahendra Bindal
Total funding raised: ₹42.94 Cr

Company overview

Snap-E Cabs is an EV-first ride-hailing platform that was founded in 2022 and also leases EVs to fleet operators. It has established its own network of charging stations and owns its whole fleet. At the moment, the company serves more than 1.2 million paying customers and runs 1,112 EVs. In order to satisfy the increasing demand, it intends to add 1,000 more cars over the course of the following year. In January 2025, it reports achieving EBITDA profitability.

Funding rounds

Latest round (Bridge): $ 2.50 Mn (₹22.21 Cr.), 2025-09-11. Investors: Inflection Point Ventures (IPV), Ah Ventures Fund, Shish Kharesiya, Praveen Chand, Jaspreet Kaur
Past round (Pre Series A): $ 2.50 Mn (₹20.73 Cr.), 2024-02-05. Investors: Inflection Point Ventures (IPV)