Revel

Electric rideshare, mopeds, eBikes services

New York City, New York, United States

About Revel

Revel provides sustainable urban transportation solutions through electric vehicles, including rideshare services, mopeds, eBikes, and charging hubs. Users can access these services via a membership system, allowing them to rent vehicles or book rides. The company generates revenue from membership fees and usage charges, while also operating charging hubs for its fleet and other electric vehicle owners. Revel prioritizes community integration and safety, offering moped safety lessons and running a Safety Innovation Lab. Additionally, the company supports its employees with benefits like healthcare, fostering a motivated workforce. Revel's goal is to electrify urban transportation while ensuring community engagement, safety, and employee welfare.

New York City, New YorkHeadquarters
2018Year Founded
$352.3MTotal Funding
DEBTCompany Stage
Automotive & Transportation, EnergyIndustries
201-500Employees

Benefits

Stock Options
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
Life Insurance
Unlimited Paid Time Off

Risks

Shutting down moped-sharing may lead to a loss of customer base and brand identity.
Partnership with Uber might dilute Revel's unique brand as an electric rideshare provider.
Reliance on NYC market poses risks if local regulations or conditions change unfavorably.

Differentiation

Revel combines EV infrastructure with rideshare, creating captive demand for fast charging.
Revel operates the only all-electric rideshare service in the U.S. with 550 EVs.
Revel's focus on community and safety sets it apart in urban transportation.

Upsides

Revel's partnership with Uber boosts EV infrastructure expansion and utilization rates.
Opening the fastest charging station in NYC enhances Revel's EV infrastructure leadership.
Revel's focus on 'urban charging deserts' aligns with growing EV infrastructure demand.