Revel is quitting the crowded ride-sharing enterprise in New York Metropolis to give attention to electrical automobile charging.
“Revel’s Rideshare service has ended,” a message on the corporate’s web site reads as of Monday. “Moving forward, Revel will continue to grow our Fast Charging business with more sites and cities opening soon.”
The corporate had supplied all EV rideshares of their distinctive vibrant blue Teslas and Kias for 4 years. Its drivers had till final yr been workers, not impartial contractors like rivals Uber and Lyft. Nevertheless, in June 2024, the corporate laid off tons of of workers, together with drivers, and and transformed to a gig-work mannequin.
“We have made the difficult decision that the best way we can keep the EV transition moving forward is by ending our rideshare service and focusing on building the fast charging infrastructure our biggest cities need to keep going electric,” Revel co-founder and CEO Frank Reig stated in an announcement.
“We are proud to have been the first all electric rideshare company. For many, their first experience in an EV was in one of our bright blue cars. That spark helped power the electrification of rideshare throughout New York City. Revel cars have gone from being some of the only EVs on the road to being joined by thousands.”
The corporate, which partnered with Uber on charging stations in New York, plans so as to add charging stations within the metropolis, in addition to in Los Angeles and San Francisco earlier than increasing.
Revel has pivoted as soon as up to now. After starting as an electrical scooter rental firm in Bushwick, Revel exited that market following two deadly accidents involving their mopeds.
Initially Revealed: August 11, 2025 at 12:30 PM EDT
