Revel has shut down its ride-hailing service in New York City. The company will instead focus on its Electric Vehicle (EV) charging business, which currently includes operating five stations in New York and one in San Francisco. In August, Revel’s app showed a message thanking users for “riding with us the last 4 years!” and announcing it has “permanently closed our rideshare service.” Revel’s website echoed the same message, adding: “Moving forward, Revel will continue to grow our Fast-Charging business with more sites and cities opening soon.”
“We have made the difficult decision that the best way we can keep the EV transition moving forward is by ending our rideshare service and focusing on building the fast charging infrastructure our biggest cities need to keep going electric,” Revel co-founder and CEO Frank Reig told TechCrunch.
Revel will sell or return the bright-blue Tesla and Kia vehicles that make up its fleet, according to Bloomberg News. The company will also sell the 165 “for-hire vehicle license plates” attached to those vehicles, which Reig told Bloomberg could be worth between $20,000 and $25,000 each.
Source: Tech Crunch
