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MOBILE & TELECOMMUNICATIONS | Mobile Commerce / Travel (mobile)
gorevel.com

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Founded Year

2018

Stage

Loan | Alive

Total Raised

$33.64M

Last Raised

$1.5M | 1 yr ago

About Revel Transit

Revel is an electric moped ridesharing company that lets users rent mopeds using their smartphones.

Revel Transit Headquarter Location

12 Cypress Avenue

Brooklyn, New York, 11237,

United States

855-690-9180

Latest Revel Transit News

Electric-Only Ride-Hailing Startup Revel Gets Approval to Deploy its Fleet of Tesla Model Ys in New York City on Aug 2

Jul 27, 2021

Electric-Only Ride-Hailing Startup Revel Gets Approval to Deploy its Fleet of Tesla Model Ys in New York City on Aug 2 【Summary】New York-based electric-only ride-hailing startup Revel Transit has been given the green light by city officials to launch its fleet of Tesla Model Ys and begin picking up paying customers beginning on Aug 2. The service will give both Uber and Lyft some new competition in New York, the most populous city in the U.S. It also offers a greener transportation option. FutureCar Staff    Jul 27, 2021 10:00 AM PT author: FutureCar Staff     Revel's ride-hailing fleet is exclusively Tesla Model Y SUVs. New York-based ride-hailing startup Revel Transit has been given the green light by city officials to launch its fleet of Tesla Model Ys and begin picking up paying customers, the Daily News reports. The service, which launches on Aug 2 in New York, will give both Uber and Lyft some new competition in the most populous city in the U.S. It also offers a greener transportation option. Unlike Uber and Lyft, Revel's fleet is made up entirely of zero emissions Tesla Model Y vehicles. The SUVs are easily recognizable as all of them painted a bright shade of blue the company calls "Revel Blue". For anyone that has traveled in a well-worn NYC yellow cab, Revel's fleet of Model Y vehicles will offer a more comfortable experience for riders. The Tesla Model Y vehicles also offer extra legroom. Revel has removed the front passenger seats in each of the vehicles to give rear seat passengers more room to stretch out. The company also added a touch screen display that can be accessed from the rear set to control the cabin temperature or play music through an interactive touchscreen interface. Revel will initially offer rides south of 42nd St. in midtown Manhattan. Revel was founded in 2018. The company initially started renting electric mopeds before expanding to include e-bikes and now to passenger vehicles with its ride-hailing service. Cusomers can summon a Tesla Model Y with the Revel smartphone app. Unlike Uber and Lyft, all of Revel's drivers are hired as employees and receive training and access to benefits such as health care and paid time off, which Uber drivers have been fighting for in cities around the world. In addition, Revel owns the entire fleet of Tesla Model Ys, so drivers don't have to worry about wear and tear and accumulating miles on their personal vehicles or the added expense of maintaining them. Revel planned to launch its service in April but was met with resistance. New York has been fighting to limit the number of ride-share vehicles that can operate within the city. In 2018 the New York City Council voted to cap the number of licensed Uber drivers that can operate in the city. City officials have blamed Uber and other ride-hailing operators for an increase in traffic, especially in popular areas of midtown Manhattan, where city streets are often clogged with thousands of ride-share vehicles during peak times. Bruce Schaller, a transit consultant who served as deputy commissioner for traffic and planning in New York City, released a new report in July 2018 examining the effect ride-hailing companies have on city traffic nationwide. The report alleges that the biggest operators, Uber and Lyft, are responsible for an 180% increase in traffic in major markets where the companies operate, including San Francisco, Philadelphia, Seattle, Los Angeles and Chicago. Shortly after the report was made public, New York City Mayor Bill de Blasio had placed a limit on the number of app-based, for-hire vehicles allowed to operate in New York City after the city council voted to approve the cap to help reduce traffic congestion. It would have prevented Revel from operating in the city. However, Mayor de Blasio allowed an exemption for fully-electric or wheelchair-accessible vehicles, according to a Daily News report, which paved the way for Revel to launch its electric-only ride-hailing service using the Model Ys. The city's Taxi and Limousine Commission, which licenses and regulates medallion taxis and for-hire vehicles, tried to prevent Revel from launching by closing that loophole set by the mayor. However, according to the Daily News, Revel's fleet of Tesla Model Ys was approved by the TLC before the change went into effect. Revel currently operates it's transportation service in four New York City boroughs, Washington, D.C., Miami, Florida, and in the California cities of San Francisco, Oakland and Berkeley.

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Research containing Revel Transit

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CB Insights Intelligence Analysts have mentioned Revel Transit in 1 CB Insights research brief, most recently on Sep 20, 2021.

Expert Collections containing Revel Transit

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Revel Transit is included in 4 Expert Collections, including Bike & Scooter Tech.

B

Bike & Scooter Tech

343 items

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.

E

Electric Vehicle Technology

719 items

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.

M

Mobility-as-a-Service

548 items

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.

S

Smart Cities

1,344 items

Revel Transit Web Traffic

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Page Views per User (PVPU)
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