What is Snap E?
Snap-E Cabs, a brand under EC Wheels India Private Limited and a subsidiary of Steelman Telecom Limited, operates from its headquarters in Kolkata, India. The company is dedicated to providing a sustainable and affordable public electric transport solution. Snap-E Cabs aims to offer a safe, reliable, and delay-free travel experience for commuters, contributing to a greener urban environment through its eco-friendly fleet.
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 a prominent angel investing platform in India, known for its founder-friendly approach and commitment to providing viable investment opportunities. They focus on creating an accessible angel-investing network, offering both financial backing and non-monetary support to startups for growth and scalability.
What's next for Snap E?
The substantial enterprise-level capital infusion, reflected in the $5M raised, indicates Snap E is poised for significant scaling. This strategic backing is expected to fuel the expansion of its electric cab network, enhance technological infrastructure, and potentially broaden its service offerings. The company's focus on affordability and eco-friendliness aligns with global trends towards sustainable transportation, suggesting a strong future outlook for market penetration and operational efficiency.
See full Snap E company page
