US EditionRevel Ends Electric Rideshare Service in NYC
NEW YORK CITY, AUG 11 – Revel will expand its electric vehicle charging network to over 400 stalls by 2026 after ending rideshare due to low fleet utilization and growing third-party demand.
- On Monday, August 11, 2025, Revel, a company based in Brooklyn, announced the permanent shutdown of its New York City rideshare operations after four years of service.
- The company started with electric moped rentals in 2018, shifted to a rideshare model with Tesla fleet vehicles in 2021, and faced increased competition from leaders like Uber and Lyft, prompting this closure.
- Revel laid off employee drivers last year, moved to a gig-work model, and is now focusing on expanding its nascent electric vehicle charging network with existing hubs in New York and California.
- Revel CEO Frank Reig explained that to accelerate the shift to electric vehicles, the company will discontinue its rideshare operations and concentrate efforts on expanding essential fast-charging networks in major urban areas.
- Revel aims to establish more than 400 EV charging stations across major cities including the West and East Coasts by the close of 2026, while also planning to divest its vehicles and associated ride-hailing licenses to focus on expanding its charging network.
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Revel shutters rideshare business, pivots to EV charging
A Revel charging station in Brooklyn in 2022. Revel is shutting down its ridehail business, citing heightened competition from rideshare leaders like Uber and Lyft. The company, which began as an electric moped business before shifting to rideshare, plans to pivot to electric vehicle charging. “At the end of the day, rideshare is a very competitive market and asset-heavy,” Revel CEO Frank Reig said in a statement to Bloomberg. “It’s low margin.…
Revel ends electric rideshare service in NYC
NEW YORK CITY (PIX11) – Revel, known by its bright blue cars, will end its rideshare service in New York City, the company announced Monday. Revel’s all-electric rideshare service started in New York City four years ago. Drivers only used Teslas and Kia Niros wrapped in a bright blue decal to pick up riders on demand. More Local News Now, Revel will focus on its electric vehicle charging stations, according to the company. Charging stat…
Revel to End New York Rideshare Business to Focus on EV Charging
Revel Transit Inc. plans to wind down rideshare operations after weathering stiff competition in its home city of New York, pivoting to an EV-charging business that counts Uber Technologies Inc. as a partner rather than rival.
Revel plans to wind down rideshare operations in its home city of New York after four years, pivoting to an EV-charging business that counts Uber as a partner
Natalie Lung / Bloomberg: Revel plans to wind down rideshare operations in its home city of New York after four years, pivoting to an EV-charging business that counts Uber as a partner — Revel Transit Inc. plans to wind down rideshare operations after weathering stiff competition in its home city of New York …
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