Snap-E Cabs raises $2.5M to boost its EV fleet and expand operations

Snap-E Cabs raised $2.5M in bridge funding led by Inflection Point Ventures to scale its EV fleet. Founded in 2022 by Mayank and Mahendra Bindal, it runs 1,112 EVs and plans 1,000 more, supported by in-house leasing and charging. After a $2.5M pre-Series A, it partnered with Rapido in Delhi. With BluSmart exiting, Snap-E pursues a supply-led model as India’s EV market heads toward $132B by 2030.