Revel Drives Electric Vehicle Revolution with $60M Investment in NYC Charging Infrastructure
Revel secures $60M to triple its NYC EV fast-charging network, boosting investor confidence and driving electric vehicle adoption.
Matilda
Revel Drives Electric Vehicle Revolution with $60M Investment in NYC Charging Infrastructure
The electric vehicle (EV) revolution is accelerating, and a key factor in its success is the widespread availability of convenient and fast charging infrastructure. While federal initiatives face potential roadblocks, states like New York are taking the lead, demonstrating a strong commitment to electrifying transportation. Revel, a prominent player in the EV charging space, has recently secured a significant $60 million loan from New York’s clean energy investment fund, NY Green Bank. This substantial investment will fuel Revel's ambitious plan to more than triple its public fast-charging network across New York City, paving the way for a smoother transition to electric mobility. This landmark loan marks a first for NY Green Bank, which has previously not funded EV charging infrastructure projects. Their involvement signifies a crucial turning point, underscoring New York's dedication to promoting electric vehicles and validating the growing perception among debt lenders th…