Revel Stock

According to an email to its users (which was posted on X, formerly Twitter), Revel is looking to build “large networks of public EV fast charging stations in New York and the Bay Area so more people can go electric.” Just recently, the company announced plans to develop and open five new of its so-called ‘Superhubs’ in New York City, adding a total of 136 public charging stalls to New York’s EV infrastructure.

Revel announced on Friday that it is discontinuing its electric moped-sharing service in San Francisco and New York. Frank Reig, the CEO of the Brooklyn-based transportation company, informed employees via email about the decision, revealing the company’s strategic shift toward focusing exclusively on its electric ride-hailing and EV charging ventures. “Revel is currently developing large public fast-charging networks in America’s two densest metros, New York and the Bay Area,” spokesperson Robert Familiar said.

An as-yet-unreported deal in the car-rental space is angling to bring New York City into the electric vehicle era. Hertz is providing Revel – the all-electric ride-sharing company that started out as a scooter app five years ago – with electric cars in a lease agreement and is considering a broader partnership, sources told On The Money.