All articles tagged with #revel
Revel Transit is ending its rideshare operations in New York to focus on expanding its EV charging infrastructure, partnering with Uber and selling its vehicle licenses and fleet assets, as it shifts towards building a profitable fast-charging network to support electric vehicle adoption.
Electric moped sharing company Revel is shutting down its two-wheeler rentals in New York City and San Francisco to focus on its EV rideshare business, which includes Tesla and Kia models. The company's moped rides had declined by 30% since last summer, and it had already pulled out of Washington, DC, and Miami. Revel will lay off around 67 staff members as it closes its moped rental side. The company started in 2018 with 68 mopeds and has since expanded its ridehailing business to 500 cars. Revel is now focusing on its EV automobile ambitions, including the operation of fast-charging stations in New York.
Brooklyn-based company Revel is shutting down its moped business in New York City due to low ridership, making it unsustainable to operate for another season. The company will lay off 67 employees and shift its focus to an all-electric rideshare service and the development of public fast charging stations. Revel had expanded to other markets but demand slowed considerably in 2022, leading to its withdrawal from certain markets. The company plans to continue growing its rideshare service and charging infrastructure in other areas of New York City.