Revel is ditching its ride-hailing business and going all in on EV charging for Uber and Lyft

Revel's website said the company was ending its ride-hailing service on Monday.RevelRevel said Monday that it is ending its ride-hailing service in New York.The company plans to focus on building an EV charging network, it said in an email to customers.Revel launched the ride-hailing service, which relied on a fleet of Teslas, in 2021.Revel is leaving the ride-hailing business behind and going full-speed ahead into electric vehicle charging, including powering cars that drive for Uber and Lyft.The company said Monday that it is ending its ride-hailing service in New York City. Revel provided the option through a fleet of all-electric Tesla vehicles."After 4 years and countless electric rides, we have made the difficult decision to permanently close our rideshare service today," the company said in an email sent to customers on Monday and viewed by Business Insider. A Revel spokesperson confirmed the company's plans to end its ride-hailing service.The company said it is staying in the electric vehicle business, though: Revel plans to add charging stations in Los Angeles, New York, and San Francisco, the email to customers said. The startup struck a partnership last year with Uber to expand EV charging stations in New York.Revel has 100 charging stations between New York and San Francisco, which are mostly used by electric vehicles that complete rides for Lyft and Uber, a Revel spokesperson told Business Insider. The company plans to have 2,000 stations online by 2030, the spokesperson said."If you've got an EV, we hope you'll charge up with us," the email to customers reads.A similar message appeared on Revel's website on Monday.Revel's website informed visitors on Monday that the company was ending its ride-hailing service.Revel"Revel cars have gone from being some of the only EVs on the road to being joined by thousands," Revel cofounder and CEO Frank Reig said. He said the company is "focusing on building the fast charging infrastructure our biggest cities need to keep going electric."Bloomberg earlier reported on Revel's plans to end its rideshare business.Revel launched its ride-hailing service in New York City in 2021. Back then, the company offered rides using a fleet of Tesla Model Ys and drivers who were employees, not independent contractors, like Lyft and Uber use. By 2023, the service had 500 cars, the company spokesperson said.Last year, Revel laid off its employee drivers and switched to a gig-work model. The service had about 1,000 drivers before it made the change, Bloomberg reported at the time.Revel also previously offered moped rentals in New York City but ended that service after a pair of fatal accidents involving the company's vehicles.Do you have a story to share about ride-hailing or the gig economy? Contact this reporter at [email protected] or 808-854-4501.Read the original article on Business Insider

Comments

Business News

Evening Standard

My sister made so little effort for my birthday present - is it petty to be upset? Money psychotherapist VICKY REYNAL says there's much more to it than just forgetfulness

about 3 hours ago

The job you studied for? AI may soon have it.

insider

Comments

Business News

FTSE 100 climbs ahead of jobs data

Founder of Rolex luxury watch empire may have been a Nazi spy: report

Trump Says Federal Government Will Take Control Of Washington, D.C., Police Department

On A Cruise To Alaska? Here Are The Breweries To Visit

The GOATs Win Double Golds And Goins A First Time Winner At Pro Pickleball Association Bristol Open

Matthew Tkachuk, Brother Brady And Their Father Keith Talk NHL 26, Olympics And More

Inside China’s Coal Plants And Pollution Shuffle Game

Metallica’s In The Middle Of A Huge Week On The Billboard Charts

Taylor Swift's Team Teases Her 'Next Era'—All The New Music Rumors, Explained

Taylor Swift’s Timely Streaming Win Helps Her Album Become A Bestseller Again

You Should 100% Watch The 0% ‘War Of The Worlds’ On Amazon Prime Video

Who Is Malick Thiaw And Why Is He Perfect For Newcastle United?

NFL Preseason Has New Meaning For Bengals, Colts, Jags, Vikings

Harry And Meghan Sign New Netflix Deal After All—But For Less Than Previous Mega-Deal

Giannis Antetokounmpo Should Learn From Damian Lillard's Situation

Spain Replace Monste Tomé As Head Coach After UEFA Women’s Euro Defeat

The Weeknd’s Biggest Single Helps Him Reach A Special Milestone

Radiohead’s Grammy-Winning Masterpiece Soars To A NeW All-Time High

Media Confidence and the Pollsters

Alicia Silverstone Talks ‘Irish Blood’ Series And ‘Clueless’ At 30

Ford’s $5 Billion Model T Moment Aims To Turn EV Operation Profitable

‘Takopi’s Original Sin’ Sets An Audience Score Record On IMDB

Trial Starts Today On Whether Trump Legally Sent Troops To Los Angeles—What To Know

Morgan Wallen’s Song Jumps 2,700% In Sales In One Week

'I own a pub that's closed down, pints should be £10 today'

Jaguar launches new petrol model - but there's a catch

My sister made so little effort for my birthday present - is it petty to be upset? Money psychotherapist VICKY REYNAL says there's much more to it than just forgetfulness

The job you studied for? AI may soon have it.

GitHub CEO says Microsoft's memo about evaluating AI use is 'totally fair game'

I spent $494 to charter a seaplane to a remote oasis in the Florida Keys. I felt like I had the island to myself.

Ford's AI cameras are catching hard-to-spot manufacturing errors. It could solve the company's costly recalls.

David Ellison is spending billions to challenge Netflix, but it could be a pipe dream

Ford's CEO just threw down the gauntlet at BYD and Tesla with its own $30,000 EV truck

Revel is ditching its ride-hailing business and going all in on EV charging for Uber and Lyft

Trump says Nvidia will hand the U.S. 15% of its H20 chip sales to China

Just Eat £3.6bn takeover by Prosus wins green light from EU watchdogs

Starbucks shuts down another San Francisco cafe — closing more than a dozen locations in city over past two years

Coding students whose jobs were taken by AI forced to find work at Chipotle

AOL finally shutting down its dial-up service — a relic of the early Internet

Ford to build EV pickup with a starting price of $30K in bid to catch China rivals

US consumers will bear brunt of Trump’s tariffs, say Goldman Sachs economists

Holidays officially a ‘realistic’ part of later life, says pensions body

Stanton Optical Partners With Staples To Challenge Warby Parker’s Retail Expansion

Trump Expected To Deploy National Guard In D.C. Today

Judge Rejects Trump Administration’s Bid To Unseal Ghislaine Maxwell Grand Jury Records

Why Do Retailers Believe The Second Half Of 2025 Will Be So Bad? And, Are They Right?

Trump 2.0 Has Signed 16 Congressional Review Act Resolutions Of Disapproval - So Far

The Reported Second ‘Avengers: Doomsday’ Cast List Is Ridiculously Long

The Star Of ‘Crazy Rich Asians’ Shares His Best Travel Tips And His Latest Project—A Travel Rewards Credit Card

Beyoncé Just Gave Her Cowboy Carter Tour Dancers This $3,500 Bag

HBO’s Estimated ‘Harry Potter’ 2037 Run Length Is Still Too Short

Will There Be ‘The Gilded Age’ Season 4? Everything To Know After That Cliffhanger

Alex Bregman Looks Forward To A Second Chance At Free Agency

Paramount Secures UFC Streaming Rights In $7.7 Billion Deal

7 Award-Winning Rums Under $50 That Taste Like They Cost Hundreds

Surprising News About ‘Wednesday’ Season 3’s Release Date

UK's biggest independent toy shop chain given to employees

Medik8’s SPF50 that’s an ‘absolute gem of a find' for heatwave week is 20% off

Major bank with 2.5million customers making changes to 36 accounts within days

HMRC starts brutal VAT crackdown on people who 'should have known'