Revel shutters rideshare business, pivots to EV charging

Revel is shutting down its ridehail business, citing heightened competition from rideshare leaders like Uber and Lyft. The company, which began as an electric moped business before shifting to rideshare, plans to pivot to electric vehicle charging. “At the end of the day, rideshare is a very competitive market and asset-heavy,” Revel CEO Frank Reig […]