Revel Shifts Gears: Exiting Ride-Hailing to Boost Electric Vehicle Charging Solutions
Revel Shifts Gears: Exiting Ride-Hailing to Boost Electric Vehicle Charging Solutions Revel Shuts Down Ride-Hail Service, Doubling Down on EV Charging Infrastructure In a surprising move that signals a significant shift in the electric vehicle (EV) landscape, Revel, the New York-based company known for its electric mopeds and ride-hailing service, has announced it is shutting down its ride-hail operations. Instead, Revel will be focusing entirely on building out its burgeoning EV charging infrastructure network. This strategic pivot raises questions about the future of ride-hailing with electric vehicles and highlights the growing importance of accessible and reliable EV charging solutions. Why the Sudden Shift to EV Charging? While Revel’s ride-hailing service garnered attention for its all-electric fleet of Teslas, the company faced considerable challenges in a competitive market dominated by giants like Uber and Lyft. Operating an electric vehicle ride-hailing service in a dense urban environment like New York City presents unique hurdles. These include: High operationa…