Revel, the electric mobility and infrastructure company based out of Bed-Stuy, has announced it will be expanding its network of public electric vehicle charging stations into dense urban areas throughout the United States and across New York City.
The charging stations, which the company calls Superhubs, are designed to provide quick charging capabilities to all brands of electric vehicles.
Revel's flagship Superhub is located in the neighborhood of Bed-Stuy. The company said the Brooklyn-based Superhub is the largest public, fast-charging depot in all of North America.
The company said that the expansion of the fast charging stations into more cities will help to accommodate rising EV adoption by urban populations.
The Superhubs provide charging options for general EV consumers, Revel's fleet of all-electric Rideshare vehicles, and more, according to the company.
Revel can expand its Superhub network due to $50 million in unsecured debt financing. The financing was completed by BlackRock Alternatives — an investment company that provides funding for sustainable projects.
This investment follows Revel's previous round of funding of $126 million through BlackRock Alternatives, which Revel received back in February of this year.
“BlackRock’s Climate Infrastructure team has been a great partner to Revel, and today’s announcement shows just how committed they are to our shared goals,” Revel CEO and Co-Founder Frank Reig said.
“With BlackRock’s support, Revel is preparing a huge expansion of our Superhub network, giving cities across the country the infrastructure they need to go electric.”
In addition to its electric chargers, Revel also offers electric rideshare options, as well as bright blue electric mopeds for rent scattered across Brooklyn.
