What is Snap E?
Snap E, a brand operated by EC Wheels India Private Limited and a subsidiary of Steelman Telecom Limited, is dedicated to providing an eco-friendly public electric transport service. Headquartered in Kolkata, the company aims to offer safe, reliable, and affordable travel solutions, addressing the need for efficient and sustainable urban mobility. By focusing on electric vehicles, Snap E contributes to reducing carbon emissions and promoting greener transportation alternatives within India's major cities.
How much funding has Snap E raised?
Snap E has raised a total of $5M across 2 funding rounds:
Other Financing Round
$2.5M
Debt
$2.5M
Other Financing Round (2024): $2.5M with participation from Inflection Point Ventures
Debt (2025): $2.5M led by Inflection Point Ventures
Key Investors in Snap E
Inflection Point Ventures
Inflection Point Ventures is an angel investing platform focused on providing viable investment opportunities for investors and founder-friendly support to startups for their growth and scalability. They aim to create an accessible angel-investing network with a strong CXO and professional network.
What's next for Snap E?
The substantial enterprise-level funding secured by Snap E signals a strategic push towards scaling its operations and potentially expanding its service footprint beyond Kolkata. This capital infusion is likely to be directed towards fleet expansion, technological advancements in its service platform, and strengthening its operational infrastructure. The 'major strategic investment' context suggests a focus on enhancing market position and potentially forging key partnerships within the electric vehicle and public transport ecosystem. Snap E is poised to leverage this financial backing to solidify its role as a key player in India's transition to sustainable transportation.
See full Snap E company page
