Revel is closing its EV moped-share service and laying off staff as it focuses on its electric car rideshare and supercharging businesses.
There will be fewer electric scooters strewn about the streets of New York City and San Francisco soon. Electric moped sharing company Revel has decided to shut down its two-wheeler rentals to focus on its EV rideshare business, comprised of Tesla and Kia models. The 3,000 mopeds the company has left will be gathered up over the next couple of weeks for recycling.
The company had already pulled out of Washington, DC, and Miami in November last year. Revel will lay off “about 67 staffers” as it closes its moped rental side. TechCrunch notes that the company started in 2018 with a Brooklyn storefront and 68 mopeds. In 2021, after a year of fatal moped accidents and lawsuits, the company kicked off its ridehailing business, now 500 cars strong, according to TechCrunch.
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