Snap-E Cabs, the electric vehicle cab service in Kolkata, has recently increased its fleet to a total of 600 cars through partnerships with Mufin Green Finance, Mahindra & Mahindra Finance, ICICI, and HDFC Bank. This expansion is a significant step towards offering eco-friendly transportation solutions and creating a more environmentally sustainable transportation model in the region.
Under an agreement with Mufin Green Finance, Snap-E Cabs has leased 100 Tata Tigor cars for a period of 5 years. After the lease term concludes, the cab service will have the option to purchase the vehicles. This addition alone increases the fleet count from 400 to 500 cabs in the city.
In a similar arrangement, Mahindra & Mahindra Finance will be leasing 50 Tata Tigor cars to Snap-E Cabs for a period of 3 years. At the end of the lease term, the cab service will have the choice to buy the vehicles.
Furthermore, both ICICI and HDFC Finance have agreed to provide a combined total of 50 Tata Tigor cars, further boosting the overall fleet count to 600 cabs in Kolkata.
Mayank Bindal, Founder & CEO of Snap-E Cabs, emphasized the importance of these collaborations in achieving the company’s objective of offering eco-friendly transportation solutions. He also expressed the desire to further their presence in the region.
The expansion of Snap-E Cabs’ fleet of electric vehicles not only demonstrates their commitment to reducing carbon footprint but also highlights their dedication to promoting a more environmentally sustainable transportation model in Kolkata.
In conclusion, Snap-E Cabs has successfully increased its fleet to 600 cars in Kolkata through partnerships with Mufin Green Finance, Mahindra & Mahindra Finance, ICICI, and HDFC Bank. This expansion is aligned with the company’s commitment to eco-friendly transportation solutions and a more sustainable future for the region.
– Snap-E Cabs: an electric vehicle cab service in Kolkata.
– Mufin Green Finance: a finance company that provides leasing services for electric vehicles.
– Mahindra & Mahindra Finance: a subsidiary of Mahindra & Mahindra Limited, offering financial services including leasing.
– ICICI and HDFC Finance: major Indian financial institutions that provide a wide range of financial services.
– Source article