Revel

company

About

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

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

Employee Profiles

Number of Employee Profiles
6
Revel has 6 current employee profiles, including Board member Michael Granoff
Board member
Board member
Executive
Executive
Board member