ImpactAlpha, February 24 — Brooklyn-based Revel, which since 2018 has managed a fleet of bright blue electric mopeds, wants to make it easier for New Yorkers to transition to electric vehicles.
The investment will help the company open fast-charging ‘Superhubs’ in New York and other major U.S. cities. Revel’s fleet of electric mopeds can also be found in Washington, D.C., Miami and Oakland, Berkeley and San Francisco. The company opened its first Superhub with 25 universal fast chargers in Brooklyn last year.
Revel has raised $165 million to date.
Shell Ventures and Goodyear Ventures joined Revel’s Series B financing, which was led by BlackRock’s Global Renewable Power group. The BlackRock division, which closed a $4.8 billion climate infrastructure fund last year, created a joint venture to build electric truck charging stations on freight routes in the U.S. east and west coasts, and in Texas.
BlackRock also backed global EV charging companies JOLT and Ionity.