SnapE Cabs, an electric vehicle mobility company, has secured USD 2.5 million in a bridge round led by Inflection Point Ventures. This infusion of capital will be directed towards leasing new EV cabs, covering operational expenses and enhancing the company's technological product development.

The company has reached a significant financial milestone by achieving EBITDA positivity. This success is underpinned by substantial growth, including a fleet that now exceeds 1,000 electric vehicles. SnapE Cabs has garnered over 1.2 million paying users and facilitated more than 3.2 million rides, culminating in gross revenues of INR 1.20 billion. Its recent strategic expansion into the Delhi market, in partnership with Rapido, has already proven profitable with an initial deployment of 200 cars.

A key to SnapE's competitive edge is its unique operational model, which is based on full ownership of its electric fleet and exclusive partnerships with charge point operators. This ‘EV as a Service’ approach ensures high vehicle availability. The company enjoys operating costs 60-70 percent lower than traditional cabs, allowing for competitive pricing without compromising profitability. Furthermore, SnapE demonstrates remarkable efficiency with a customer acquisition cost of just 0.8 percent of revenue and a 90 percent rider retention rate. Future scalability is anchored in ambitious B2B plans, including a collaboration with Rapido to deploy 5,000 cabs across India within two years.

Founded by Mayank Bindal, an industry veteran with over 15 years of telecom experience and a master’s degree in finance, SnapE Cabs currently operates in Kolkata and is expanding into the Delhi-NCR region. The company supports its operations with its own proprietary charging network.

Mitesh Shah, Co-Founder, Inflection Point Ventures, said, “The demand for clean and sustainable vehicles is growing globally. The ride-hailing platforms are no exception. With an increasing number of people using ride-hailing services, this sector urgently needs a greener alternative. SnapE Cabs is addressing this by not only offering EV cab services but by also building a supportive infrastructure. Its model is both environmentally friendly and financially sustainable, achieving growth without burning cash for customer acquisition, discounts and fleet operations. The recent tie up with Rapido further strengthens the company mission for India’s EV adoption and sustainable goal.”

Mayank Bindal, Founder and CEO, SnapE Cabs, said, “We’re not just expanding; we’re delivering profitability at scale. With IPV backing us in this bridge round, SnapE has already deployed 200 electric cabs in Delhi in the last three months, which have been profitable from day one. Over the next 12 months, we’re adding another 1,000 cars, not to chase growth metrics but to meet a very real supply gap left open in the market. Our focus shifts from a demand aggregation to a supply-led infrastructure model empowers other demand aggregators, enhances utilisation and de-risks margins. In a sector built on burns, recent disruptions have created visible white space and squeezed up margins; SnapE is proving that EV fleet economics work today not just on projections. This round accelerates our mission to build the backbone that enables India’s EV mobility vision for 2030 – clean, scalable and built on fundamentals.”

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CUPRA has unveiled an evolved version of its first all-electric model, the CUPRA Born, reinforcing the brand’s commitment to challenging conventions. The vehicle has been comprehensively re-engineered to offer a more intense and emotionally engaging driving experience, marked by striking exterior updates, a refined cabin and enhanced technology.

The exterior evolution embraces CUPRA’s dynamic design language, featuring newly sculpted front and rear bumpers. Distinctive triangular Matrix LED headlights complement a prominent illuminated CUPRA logo, which is now seamlessly integrated into the three-dimensional rear light cluster, enhancing the car’s visual presence.

On the interior front, the focus is on driver engagement and elevated quality. A redesigned steering wheel now incorporates intuitive physical controls, while new door panels contribute to a more premium feel. The immersive digital environment is amplified by a larger 10.25-inch digital cockpit, supported by an augmented reality head-up display. The auditory experience has also been transformed, with a Sennheiser Contrabass sound system delivering deep, immersive bass, while a newly developed Interior Sound Signature strengthens the connection between the driver and the machine.

Performance remains a core pillar, with the new Born intensifying every journey through its hallmark electrifying dynamics. Drivers can select from four distinct motor and battery configurations. Features such as launch control, a new One Pedal Driving System and wider tyres for both 19- and 20-inch wheels further sharpen the driving experience. This performance is matched by an updated suite of safety systems, including Travel Assist 3.0 with cloud-enhanced functionality, new Crossroad Assist, an upgraded Front Assist and pre-crash protection with rear detection.

The new Born offers flexible powertrain choices to suit different needs. The V1 and V2 versions, equipped with a 58-kWh battery, achieve an estimated range of around 279 miles (approximately 449 km). For extended range, both these models and the range-topping VZ version can be specified with a 79-kWh battery, targeting approximately 372 miles (approximately 598 km). Personalisation is available through six exterior colours, including the newly introduced Timanfaya Grey.

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Hyderabad-based electric vehicle company Keto Motors has secured CMVR Type Approval Certification from the Global Automotive Research Centre (GARC) for its nine-metre Urbanova KE9 electric bus. The certification confirms the vehicle's compliance with safety and performance standards, including structural integrity and range efficiency.

The company is now initiating customer demonstrations and preparing for deployments across State Transport Undertakings (STUs), school fleets and employee transportation providers.

The Urbanova KE9 is engineered for urban mobility and smart city networks. Through a technology partnership with TRON, a Taiwanese E-bus OEM, Keto Motors utilises liquid-cooled battery technology, a self-developed Battery Management System (BMS) and Fleet Management Systems (FMS).

The e-bus features a 245 kW liquid-cooled PMSM motor delivering 3000 Nm of torque.  A claimed cruise range of 188 km (IDC) and a top speed of 80 kmph. It can accommodate 31 seated and 11 standing passengers. It supports CCS2 fast charging support, regenerative braking, ABS and air suspension.

The company aims to start production in early FY2027 at the company’s 20-acre facility in Jadcherla, Telangana. The plant features in-house bus body manufacturing and testing systems, with an annual capacity of 1,000 units.

In addition to the nine-metre model, Keto Motors is developing 12-metre and 6-metre platforms to expand its presence across the public transport sector.

Venkatesh Challa, Director of Keto Motors, said, “Securing CMVR Type Approval for the Urbanova KE9 is a defining milestone for Keto Motors. This certification reinforces our commitment to delivering dependable, high-performance electric mobility solutions designed specifically for Indian roads and fleet operators. With approvals in place, we are now focused on accelerating customer deployments and supporting India’s transition toward clean, zero-emission public transport.”

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Bengaluru-based electric vehicle start-up Ultraviolette Automotive has introduced Battery Flex a Battery-as-a-Service (BaaS) programme designed to lower the entry cost of its electric motorcycles. The initiative is launched in partnership with Ecofy, a non-banking financial company (NBFC) specialising in green financing.

Under the new model, the upfront cost of the Ultraviolette X-47 is reduced by 40 percent. Customers can purchase the motorcycle chassis for INR 149,000 and subscribe to the battery for a monthly fee starting at INR 2,499. At the conclusion of the subscription period, ownership of the battery is transferred to the customer at no further expense.

The Battery Flex model is designed to reach price parity with internal combustion engine (ICE) motorcycles. By separating the cost of the battery from the vehicle, the company aims to make performance electric mobility accessible to a broader consumer base.

Narayan Subramaniam, CEO & Co-Founder, Ultraviolette, said, “At INR 250,000, Ultraviolette was at price parity with similarly powered ICE motorcycles. Now, with a starting price of INR 150,000, riders gain access to better technology, features, and performance that outpaces every segment. With operating costs as low as INR 2,499 per month, which is lesser than the average spends on petrol, we are redefining what affordability means in motorcycling. The introduction of Battery Flex makes performance, technology-driven mobility more attainable and practical for riders across India, while keeping the focus firmly on what matters most: the thrill of riding an Ultraviolette.”

Niraj Rajmohan, CTO & Co-Founder, Ultraviolette, added, “Battery technology sits at the core of every electric vehicle, and at Ultraviolette we have invested years of R&D to ensure our batteries deliver uncompromised performance, safety, and longevity. With the launch of Battery Flex, we are extending this innovation to our customers in a way that is both flexible and accessible. It reflects our commitment to building technology that adapts to customer needs and makes performance mobility more practical than ever before.”

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JSW MG Motor India has announced that its e-Hub by MG app is now the largest unified electric vehicle (EV) charging platform in India. The application has listed more than 22,500 charging points and exceeded 150,000 downloads.

The platform has onboarded 40 charge point operators (CPOs), including Jio-bp, TATA Power, Adani, Shell, Zeon, Charge Zone and BPCL. Since its inception, the app has facilitated the dispensing of 1.5 GWh of energy and the planning of 670,000 trips, covering 300 million kilometres.

The company has introduced updates to the application to assist MG and non-MG EV users. These features are designed to centralise the location, reservation, and payment processes for charging sessions.

The updated app includes smartphone integration, navigation tools, user feedback and network access.

Vinay Raina, Chief Commercial Officer, JSW MG Motor India, said, “It is inspiring to witness the rapidly growing community of EV users, both MG and non-MG customers, embrace the e-Hub by MG app. What excites us the most is how effortlessly it is helping customers navigate their EV journeys, whether planning their long road trips or simply looking for the nearest available charger. By bringing the leading CPOs together on one intuitive platform, e-Hub by MG empowers users with choice, convenience and confidence. As India moves towards a more connected and electrified future, we remain committed to building experiences that make EV ownership effortless.”

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