SnapE Cabs raises $2.5 million funding to expand EV fleet

October 13, 2025

SnapE Cabs has raised funding of $2.5 million in a bridge deck round led by Inflection Point Ventures. The capital will be utilised for operational expenses and leasing EVs. It will also be used for product development and improvement. The company became earnings before interest, taxes, depreciation and amortisation positive in January 2025, with its EV car fleet expanding to over 1,000. Furthermore, the company has achieved Rs 1.2 billion in gross revenue. Snap-E Cabs is a brand owned by EC Wheels India Private Limited, a subsidiary of Steelman Telecom Limited. It offers reliable and eco-friendly public electric transport service.