Revel

Overview
News
Shared Mobility?
Product stageSegments
Early
?
Ride sharing
?

Revel is a Brooklyn-based transportation company focused on accelerating electric vehicle (EV) adoption in cities through charging infrastructure and electric shared vehicle fleets. The company started with electric moped and e-bike rentals in 2018 and has since expanded into operating a fleet of electric rideshare vehicles and building EV fast charging "Superhubs" in New York City.

Revel's key offerings include an app-based electric rideshare service with a fleet of over 500 Tesla and Kia EVs operated by employee drivers, as well as a growing network of public fast charging stations. The company aims to provide the infrastructure needed for mass EV adoption, addressing the "chicken-and-egg" problem where lack of charging deters EV purchases and vice versa.

In 2021, Revel launched its flagship 25-stall Superhub in Brooklyn's Bedford-Stuyvesant neighborhood, claimed to be the largest universal public fast charging depot in North America. By the end of 2023, the company plans to open additional Superhubs across New York City's five boroughs, including a 60-stall station in Maspeth, Queens that will be the largest of its kind in the Western Hemisphere. These stations feature ultra-fast 150kW chargers and are open to all EV models 24/7 without parking fees or access restrictions.

Revel has raised over USD 165 million from investors including BlackRock, Toyota Ventures, and Shell Ventures to fund its charging network expansion. The company acquired the rights to build a 48-stall charging hub near LaGuardia Airport in March 2024, positioning it as a key enabler of New York City's Green Rides Initiative that mandates electric rideshare fleets by 2030.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
273 S 5th Street Ste 301 Brooklyn NY USA
Founded year:
2018
Employees:
251-500
IPO status:
Private
Total funding:
USD 214.0 mn
Last Funding:
USD 50.0 mn (Debt Financing; Nov 2022)
Last valuation:
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