Revel shuts down its ride-hail business to focus on EV charging

Ravel has shut down his ride-helling service in New York City, another pive for the company that started Hired electric scooters in 2019The After proceeding, the Revel will instead focus on its newborn EV charging business, including five stations in New York and one in San Francisco.

A visited message on Monday’s Ravel app showed a message that “ride us with us for the past 4 years!” Thanks for the users for this! And it declares “permanently stopped our rides.” The website’s website echoes the same message and adds more: “Going forward, the revel will soon increase our fast charging business with more sites and cities opening.”

“We have made a difficult decision that the best way to keep EV transition is to finish our rides and focus on the creation of a quick charging infrastructure, our largest cities need to continue electronic,” said Frank Reag Techchen, co-founder and CEO of Revell.

Rivel will sell or return the bright-blue Tesla and Kia vehicles that make it its fleet, According to Bloomberg NewsThe The company will sell the 165 “rental vehicle license plate” attached to the vehicle, which the Rig said that Bloomberg could be $ 20,000 to $ 25,000.

Rivel has revealed it First charger in 2021At the same time It has launched the ride-hail fleetThe However, the agency gradually accepted in those early years for its charging business. The company told TechCrunch that in the early 2021, the network had only 20% of the total use of the network, 5% of it came from its own ride-hall fleet.

Fasting forward in early 2021, and that use rate jumped at 45%, only 12% of the charging came from the reveal fleet. When Uber made a deal in 2024, the company got a big enthusiasm Send many drivers to the revel chargerThe Revel says it is planned to handle the “more than 400” charging stalls in Los Angeles, New York and San Francisco in late 2026.