New York EV Rideshare Startup Revel Seeks to Raise $200 Million
- The Brooklyn startup runs EV ride-sharing, charging networks
- Firm has begun talks with potential investors on fundraise
The Revel charging station in the Brooklyn, New York.
Photographer: Stephanie Keith/BloombergThis article is for subscribers only.
Revel, the Brooklyn-based startup that operates an electric vehicle ridesharing fleet and a network of fast-charging stations, is seeking to raise $200 million in equity, according to people with knowledge of the matter.
The company has begun discussing the fundraise with potential investors, said some of the people, who asked not to be identified because the talks are confidential. Proceeds will be used to expand its public electric vehicle-charging infrastructure in New York City and the San Francisco Bay Area, one of the people said. The company’s targeted valuation couldn’t immediately be known.