Snap-E Cabs

Snap-E Cabs is a pioneering electric vehicle (EV) ride-hailing platform focused on providing eco-friendly, reliable, and affordable urban mobility. The company’s mission is to reduce carbon emissions and transform public transportation through a 100% electric fleet. Snap-E Cabs operates over 600 EVs in Kolkata (as of 2024), with plans to double its fleet and expand into new cities like Bhubaneswar and Raipur. 

Core Products and Services

• 100% Electric Fleet: All rides are conducted in fully electric vehicles, ensuring zero emissions and reduced noise pollution.

• Ride Booking: Customers can book rides via the Snap-E app or website, with real-time tracking, in-app payments and verified drivers.

• Corporate Services: Employee transport solutions, airport transfers and event mobility for corporate clients.

• Charging Infrastructure: Operates and manages a proprietary network of over 700 charging points in Kolkata, with exclusive rights at major transport hubs.

Business Model & Revenue Streams

• B2C (approx. 70% of revenue): On-demand rides for city commuters, tourists and airport transfers.

• B2B (approx. 30%): Long-term contracts with MNCs and local businesses for staff mobility, often billed monthly.

• Subscription/Membership Fees: Discounted rides and premium services for frequent users.

• Ancillary Revenue: In-app advertising and, potentially, data monetization from traffic and usage analytics.

Top Clients & Partnerships

• Airports Authority of India (AAI): Exclusive MoU to operate at any Indian airport.

• West Bengal Government: MoUs for technical training and EV ecosystem development.

• Port Trust: Land acquisition for charging infrastructure at Howrah Railway Station.

• Multiple MNCs in Kolkata: Corporate mobility contracts, reducing idle fleet time.

Future Outlook & Strategic Priorities

• Fleet Expansion: Plans to double the fleet to 1,200+ EVs in Kolkata and enter 2–3 new cities by FY25.

• Charging/Battery Tech: Exploring battery management, recycling and opening charging infra to third parties.

• New Revenue Streams: Battery lifecycle management and EV charging for external fleets.

• Capital Intensity: High upfront costs for EVs and charging infra.

• Competition: Incumbents like BluSmart and legacy ride-hailing apps entering the EV space.

• Regulatory: Policy changes and EV incentives could impact margins or expansion pace