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Snap-E Cabs wants to take on big players in Kolkata with its on-demand EV fleet

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Snap-E Cabs wants to take on big players in Kolkata with its on-demand EV fleet

Kolkata-based ride-hailing platform Snap-E Cabs aims to disrupt the taxi market in the city, which suffers from high levels of air pollution due to vehicular emissions. With a fleet of over 600 Tata Tigors, the electric ride-hailing company is looking to become the first unicorn from Kolkata. Snap-E leases the vehicles but also has the option to purchase them later. The company has seen strong demand since launching its app in October 2022, with over 30,000 downloads in two weeks and over one lakh downloads on Google's Play Store to date. The bootstrapped company generates over INR 2 crore in monthly revenue and plans to close FY24 with an annual recurring revenue (ARR) of INR 35 crore.

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