Revel plans to wind down rideshare operations in its home city of New York after four years, pivoting to an EV-charging business that counts Uber as a partner (Natalie Lung/Bloomberg)
9d ago
Technology
Techmeme

Revel is ceasing its rideshare operations in New York City after four years, citing intense competition. The company will now focus on expanding its EV-charging infrastructure business. Uber is a key partner in this new venture. Revel's decision marks a significant shift in its business strategy, moving away from direct competition in the crowded ridesharing market and towards supporting the growing demand for electric vehicle charging.