Revel, a New York-based electric mobility and infrastructure company, raised $50M in Debt funding.
The round was led by BlackRock Alternatives through its Climate Infrastructure fund.
The company intends to use the funds to grow its network of high volume, public EV fast charging Superhubs.
Led by CEO Frank Reig, Ravel is an electric mobility and infrastructure company operating Superhubs, which are designed for multiple use cases, including general consumers, Revel’s all-electric Rideshare fleet, third party rideshare operators and light-duty delivery vehicles. Its flagship Superhub is in Bed-Stuy, Brooklyn, and the company plans to open additional sites in US cities in 2023. All of its new Superhubs will be future-proof, with a large number of stalls to accommodate growing EV adoption and charging speeds of at least 150kW.
The investment follows Revel’s $126M Series B funding round, which was announced in February and led by BlackRock.
FinSMEs
15/11/2022