New Delhi – SnapE Cabs, an electric mobility platform, has secured $2.5 million in a bridge funding round led by Inflection Point Ventures, marking a significant milestone in the company’s journey toward profitability and scale. The investment comes after SnapE Cabs achieved EBITDA positivity in January 2025, demonstrating the viability of its electric vehicle ride-hailing model in India’s competitive mobility market.
Operational Excellence and Financial Milestone
SnapE Cabs has demonstrated remarkable operational performance with a fleet exceeding 1,100 electric vehicles, completing 3.2 million rides and serving 1.2 million paying users while generating ₹120 crore in gross revenue. The company’s achievement of EBITDA positivity within its operational timeline reflects efficient unit economics and effective fleet utilization strategies.
The platform’s successful Delhi-NCR expansion, where 200 electric vehicles were deployed within three months, showcases the company’s ability to rapidly scale operations in new markets. This operational agility positions SnapE Cabs to capitalize on the growing demand for sustainable transportation solutions across Indian metropolitan areas.
Strategic Growth and Fleet Expansion Plans
The fresh capital will enable SnapE Cabs to lease additional electric vehicles, fund operational expansion, and enhance product development capabilities. The company plans to deploy 1,000 additional cars over the next 12 months, representing nearly a doubling of its current fleet size and significant market expansion.
A strategic partnership with Rapido will facilitate the deployment of 5,000 electric vehicles across India over two years, substantially expanding SnapE Cabs’ geographic reach and market presence. This partnership leverages Rapido’s established market presence while enabling SnapE Cabs to scale its electric mobility platform nationwide.
Market Positioning and Competitive Advantage
SnapE Cabs’ focus on electric vehicles provides differentiation in India’s crowded ride-hailing market while aligning with government policies promoting clean transportation. The company’s EV-first approach addresses growing consumer demand for sustainable mobility options while potentially benefiting from regulatory preferences for electric transportation.
The platform’s achievement of profitability demonstrates sustainable unit economics that can support long-term growth without continuous capital infusion. This financial stability provides a competitive advantage in the capital-intensive ride-hailing sector, enabling reinvestment in growth and technology development.
