Revel offers a ride-sharing platform through electric vehicles. It allows users to book their preferred mode of transport. Revel offers electric vehicles such as self-riding electric mopeds, and electric car sharing. The company was founded in 2018 and is based in Brooklyn, New York.
Revel's Product Videos
Revel's Products & Differentiators
Revel has a fleet of over 300 Revel Blue EVs delivering rides across New York City, parts of northern New Jersey, and to-and -rom the three major NYC airports. Our fleet is operated by over 1,000 W2 employee drivers who all receive training prior to their first shift. Revel's fleet includes Tesla Model Ys and Model 3s and Kia Niro EVs.
Research containing Revel
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Revel in 2 CB Insights research briefs, most recently on Oct 13, 2021.
Expert Collections containing Revel
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Revel is included in 4 Expert Collections, including Smart Cities.
Bike & Scooter Tech
We define bike and scooter technology startups as companies working on shared vehicle networks, vehicle design, and charging infrastructure for bicycles, scooters, mopeds, and other compact vehicles for one to two passengers.
Companies developing battery electric vehicles (BEVs) and fuel cell vehicles (FCEVs) as well as companies working on improvements to battery design, building out charging infrastructure, and launching EV sharing services to help accelerate adoption.
Companies developing solutions to streamline the way people move themselves. Includes companies providing on-demand access to passenger vehicles and micromobility solutions as well as companies integrating multiple modes of transport, including public transit, into one service.
Latest Revel News
Sep 16, 2023
Revel’s Innovative Car Subscription Service: A New Era In Spain’s Auto Industry SSupported by cloud service provider DigitalOcean – Try DigitalOcean now and receive a $200 when you create a new account! Listen to this article The automotive industry has witnessed significant shifts in recent years, with consumers exploring alternative modes of transportation and ownership. Amidst these changes, Revel , a Spanish startup, is making waves with its unique car subscription model. Here’s a closer look at Revel’s journey and its recent achievements. The Rise of Car Subscription Services The traditional car sales market has faced challenges due to changing economic conditions and the emergence of various alternatives like ride-hailing apps and multimodal transportation options. However, Revel offers a fresh perspective with its digital car subscription service. This model provides consumers with a flexible lease agreement, inclusive of insurance and maintenance, typically for a year-long commitment. Revel’s Funding Milestone Revel recently announced a substantial funding round of €115 million ($123 million) . This funding comprises both debt and equity, with €100 million allocated for expanding the car network and €15 million as equity for the business. Notable investors in this round include KKR and Santander Consumer Finance. A Different Approach to Car Leasing Several startups have attempted to revolutionize the car leasing market with technological innovations. Revel, founded in 2020, learned from the challenges faced by its predecessors. The company conducted extensive tests to determine the most viable business models for car subscriptions. They discovered that a one-year lease was the sweet spot for many consumers in Spain, offering a balance between traditional three to four-year leases and short-term rentals. The Revel Experience Revel’s platform allows users to switch between different car options, paying for their subscriptions in monthly installments. These fees cover services like insurance, maintenance, and carbon offsetting. The entire subscription process, from selection to delivery, is streamlined and can be completed as quickly as signing up for a streaming service. The Future of Car Ownership Revel’s success indicates a growing trend among consumers who desire the experience of a new car without the commitment of outright ownership. As automotive technology advances and autonomous vehicles become more prevalent, the cost of owning such vehicles might become prohibitive for many. In such scenarios, leasing models like Revel’s could become the primary means for individuals to access state-of-the-art vehicles. In conclusion, Revel’s innovative approach to car subscriptions is reshaping the automotive landscape in Spain. With its recent funding and a clear vision for the future, the company is poised to make a significant impact in the industry. Please email us your feedback and news tips at hello(at)techcompanynews.com
Revel Frequently Asked Questions (FAQ)
When was Revel founded?
Revel was founded in 2018.
Where is Revel's headquarters?
Revel's headquarters is located at 12 Cypress Avenue, Brooklyn.
What is Revel's latest funding round?
Revel's latest funding round is Debt.
How much did Revel raise?
Revel raised a total of $209.64M.
Who are the investors of Revel?
Investors of Revel include BlackRock, Toyota Ventures, Shell Ventures, Broadscale Group, Goodyear Ventures and 9 more.
Who are Revel's competitors?
Competitors of Revel include Itselectric and 6 more.
What products does Revel offer?
Revel's products include Revel Rideshare and 2 more.
Compare Revel to Competitors
Grow Mobility provides a mobile application for shuttle services. It consists of Grin, an electric scooter-sharing company, and Yellow, a provider of dockless bikes, e-bikes, and scooters. It was founded in 2019 and is based in Mexico City, Mexico.
Scuter has developed a vertically integrated service to overcome and satisfy widespread fast and clean urban commuting demand. Scuter created an on-demand electronic scooter rental platform for city dwellers.
VOI provides multimodal micro-mobility. It offers e-scooters and e-bikes for rent. It uses standard application programming interfaces (APIs) for shared mobility operators. It was founded in 2018 and is based in Stockholm, Sweden.
Greenlines Technology is a Vancouver-based technology company that provides the trip planning app, Cowlines. Cowlines provides users with the optimal way around cities by combining any mode of transport available into a single, multimodal trip.
Flit Technologies provides software tools powering mobility services. It develops products and technologies that enable cities and all mobility players to improve the service they provide to their customers. It was founded in 2016 and is based in London, United Kingdom.
Orahi, founded in 2012, is a carpooling app that enables riders to share with friends, colleagues and neighbors.