India, Sept. 11 -- Electric mobility startup Snap-E Cabs has raised $2.5 Mn (around INR 22 Cr) in a bridge round led by Inflection Point Ventures. The funding round also saw participation from ah! Ventures and a host of angel investors, including Shish Kharesiya, Praveen Chand, Jaspreet Kaur, among others.

The Kolkata-based startup plans to deploy the fresh capital for product development, leasing more EV cars, and enhancing its operations in Delhi NCR.

Founded by Mayank Bindal and Mahendra Bindal in 2022, Snap-E Cabs is a subsidiary of Steelman Telecom Limited. It offers ride-hailing services by deploying electric cars and also leases its cars to fleet operators. The startup claims to operate 1,112 EV cars currently, up from about 500 ...