# Revel Transit

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/revel-transit

- Industry: Transportation Services
- Headquarters: Brooklyn, US
- Website: www.gorevel.com
- Total disclosed funding: $160M
- Latest round: Series B (Feb 2, 2022)
- Investors on record: 13

## About

Revel Transit Inc. is a US-based company specializing in electric vehicle solutions, providing rideshare services and fast-charging infrastructure to promote the adoption of electric mobility.Founded in 2018 by Frank Reig and Paul Suhey, Revel Transit Inc. is headquartered in Brooklyn, US. The company has executed a total of 8 deals and, in February 2025, raised USD 7.00 mn in a GRANT from the New York State Energy Research and Development Authority, bringing its total amount raised to USD 127.40 mn.Revel's core offerings focus on accelerating the adoption of electric vehicles (EVs) through an electric rideshare platform and fast-charging infrastructure. Their rideshare service enables customers to book rides via a user-friendly app, providing a safe and environmentally friendly transportation option. Revel also operates fast-charging stations for various electric vehicle models, including Teslas, addressing the growing need for accessible urban charging solutions, primarily in cities like New York City and other major urban centers across the US.Revel generates revenue through its rideshare service and charging infrastructure, utilizing a transactional model. Riders are charged based on distance and time, while charging services operate on a fee-per-use basis for electricity consumed at Revel's stations, catering to individual consumers and potential partnerships with local businesses or governmental entities.In February 2025, Revel Transit Inc. raised USD 60 mn in venture debt funding from NY Green Bank, which will be used to construct 267 EV charging stations in New York. The company's strategy includes launching new products and expanding into additional urban markets to enhance its electric vehicle offerings and infrastructure.

## Funding rounds

- Series B, Feb 2, 2022, $127M — Knighthead Capital Management, BlackRock, Shell Ventures, Maniv Mobility, Gaingels, Toyota Ventures, StB Capital Partners, Broadscale Group, Goodyear Ventures, Obsidian Ventures
- Series A, Oct 10, 2019, $28M — LaunchCapital, Ibex Investors, Maniv Mobility, Blue Collective, Toyota Ventures
- Seed, Mar 1, 2019 — Blue Collective
- Seed, Dec 21, 2018, $4.5M — Maniv Mobility

## Investors

- Maniv Mobility (https://capitalatlas.ai/funds/maniv-mobility) — Seed, Series A, Series B
- Blue Collective (https://capitalatlas.ai/funds/blue-collective) — Seed, Series A
- LaunchCapital (https://capitalatlas.ai/funds/launchcapital) — Series A
- Ibex Investors (https://capitalatlas.ai/funds/ibex-investors) — Series A
- Toyota Ventures (https://capitalatlas.ai/funds/toyota-ventures) — Series A, Series B
- Knighthead Capital Management — Series B
- BlackRock (https://capitalatlas.ai/funds/blackrock) — Series B
- Shell Ventures (https://capitalatlas.ai/funds/shell-ventures) — Series B
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series B
- StB Capital Partners (https://capitalatlas.ai/funds/stb-capital-partners) — Series B
- Broadscale Group (https://capitalatlas.ai/funds/broadscale-group) — Series B
- Goodyear Ventures (https://capitalatlas.ai/funds/goodyear-ventures) — Series B
- Obsidian Ventures (https://capitalatlas.ai/funds/obsidian-ventures) — Series B