SnapE Cabs raises $2.5 million funding for EV expansion
SnapE Cabs has secured $2.5 million in a bridge deck funding round led by Inflection Point Ventures. The company will use the capital for operational expenses, leasing electric vehicles, and product development. The company became EBITDA positive in January 2025 and has expanded its electric vehicle fleet to more than 1,000 cars. It has also achieved Rs 1.2 billion in gross revenue. SnapE Cabs is owned by EC Wheels India Private Limited, a subsidiary of…