Revel closes driving business to focus on EV charging

Revel has closed the journey service in New York, on another axis for the company started by Renting electric scooters in 2019. Going forward, Revel will focus on the budding EV billing operation, which includes the operation of five stations in New York and one in San Francisco.

A visit to the Revel app on Monday showed a message that thanks users for “riding us with us over the last 4 years!” And announcing that “Rideshare has permanently closed”. Revel’s website reacted the same message, adding: “The forward promotion, Revel will continue to develop the fast -charging business with more locations and cities that open soon.”

“We have made the difficult decision that the best way we can maintain the transition of the EV moving is at the end of the Rideshare service and, by focusing on building the rapid debit infrastructure, our largest cities must continue electrically,” the co -founder and CEO of Revel Reig Reig Reig Reig Reig.

Revel will sell or return the bright blue tesla and kia vehicles that make up its fleet, According to Bloomberg News. The company will also sell the 165 “vehicle registration plates” connected to these vehicles, which Reig told Bloomberg worth between $ 20,000 and $ 25,000 each.

Revel revealed its first chargers in 2021, at about the same time the Ride-Hail fleet began. But the company faced slow adoption in these early years for its business. The company told TechCrunch that the total use of the network in early 2023 was only 21%, with 19% of what comes from Revel’s Ride-Hail fleet.

Fast forward until the beginning of 2025, and this percentage of use had jumped to 45%, with only 12% of the charge coming from the Revel fleet. The company got a great boost in 2024 when Uber hit a deal Send many of his drivers to Revel’s chargers. Revel says it plans to operate “over 400” in Los Angeles of New York and in San Francisco until the end of 2026.

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