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Revel shutters rideshare business, pivots to EV charging

theverge.com Andrew J. Hawkins 2026-01-01 08:04:26

is transportation editor with 10+ years of experience who covers EVs, public transportation, and aviation. His work has appeared in The New York Daily News and City & State. Posts from this author will be added to your daily email digest and your homepage feed. 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 vehic

Topics: company new revel rideshare york
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Revel is ending its ridesharing operation to focus on EV charging

engadget.com Unknown 2026-01-01 12:18:14

Revel Transit is shutting down its rideshare operation in NYC, as reported by Bloomberg. The company will instead focus its efforts on EV charging. It's also seeking buyers for its fleet, including the 165 for-hire vehicle license plates it owns. "At the end of the day, rideshare is a very competitive market and asset-heavy. It’s low margin," CEO Frank Reig said. “We have made the difficult decision that the best way we can keep the EV transition moving forward is by ending our rideshare servic

Topics: lyft nyc revel rideshare uber
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