Revel

About

Revel is a shared electric vehicle service that allows users to locate, reserve, and unlock electric vehicles through an app.

Brooklyn,New York,United States
101 - 250
https://gorevel.com

Highlights

Details

Last Funding Type: Debt Financing
Last Funding Money Raised: $50M
Industries: Apps,Automotive,Electric Vehicle,Ride Sharing,Transportation
Founded date: Jan 1, 2018
Number Of Employee: 101 - 250
Operating Status: Active
Legal Name: Revel Transit Inc.
Also Known As: Revel Transit

Revel Transit is a shared electric vehicle service that allows users to locate, reserve, and unlock electric vehicles through an app. Revel vehicles can be parked on the street in any legal parking space and are throttled at 30mph for safety. Revel is operating in New York City, Washington, Austin, Miami, and Oakland.

The company was founded in 2018 and is headquartered in Brooklyn, New York.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

4

$207.60M

Revel has raised a total of $207.60M in funding over 2 rounds. Their latest funding was raised on Nov 15, 2022 from a Debt Financing round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Nov 15, 2022	Debt Financing	$50M	1	BlackRock	—	Detail
Feb 22, 2022	Series B	$126M	10	BlackRock	—	Detail
Oct 10, 2019	Series A	$27.60M	6	Ibex Investors	—	Detail
Sep 1, 2018	Seed	$4M	3	Maniv Mobility	—	Detail

Investors

Number of Lead Investors

Number of Investors

4

16

Revel is funded by 16 investors. BlackRock and Ibex Investors are the most recent investors.

Investor Name	Lead Investor	Funding Round
BlackRock	Yes	Debt Financing
Ibex Investors	Yes	Series A
Bossanova Investimentos	—	Series B
Broadscale	—	Series B
Goodyear Ventures	—	Series B
Knighthead Capital Management	—	Series B
Maniv Mobility	—	Series B
Obsidian Ventures	—	Series B
Shell Ventures	—	Series B
St Baker’s Energy Innovation Fund	—	Series B