Snap-E Cabs raises $2.5 million in Pre-Series A led by Inflection Point Ventures
Kolkata-based Snap-E Cabs, an electric vehicle ride-hailing platform has raised $2.5 million (Rs 20 crore) in a Pre-Series A Round led by Inflection Point Ventures. The funding is aimed to be used for talent acquisition to support growth, invest in tech upgrades and the introduction of new tech-enabled services, and expand operations into additional geographies.
Snap-E utilises a hybrid B2B and B2C model, maintaining less than 5% downtime, and ensuring swift vehicle turnaround. Key strengths include no cancellations, no surge pricing, and a 100% electric fleet.
