Revel Transit

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

Revel helps people who live and work in cities get where they need to in a safe, reliable and convenient way.

Revel was founded in 2018 by Frank Reig and Paul Suhey. The company is headquartered in Brooklyn, New York.

 

Revel's mopeds are manufactured by a Chinese company called NIU and sell for between $3000 and $5000 retail. They weigh about 200 lb (91 kg), are powered by 2 lithium-ion batteries, and have a range of 60 mi (97 km) with a top speed of 30 mph (48 km/h).

 

Revel is backed by Ibex Investors, Maniv Mobility, Toyota AI Ventures, Blue Collective and others. The company $27.6M from a "Series A" financing on Oct 10, 2019. 

 

 

  • Year founded: 2018
  • Funding Info: $27.6M over 2 Rounds (Last Funding Type: Series A)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: Brooklyn
  • State: New York
  • Country: United States
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