Making its West Coast debut, the electric vehicle charging company Revel launched its first fast-charging station in San Francisco, accessible 24/7. Frank Reig, the Co-founder and CEO of Revel stated
“For years, Revel has operated the largest, fastest, and most reliable fast-charging network in New York City. Now we’re bringing our model to the number one EV market in North America.”
Surge in EVs
This initiative by the startup company is taken, considering the surging sale of electric vehicles in San Francisco, reaching 35% of new vehicles to be electrically powered. The Bay Area is also reported to have the highest rates of EVs in the country. In the coming year, the company plans to expand electric vehicle charging infrastructure by adding more than 125 chargers to the urban centers of San Francisco, Oakland, San Jose, and South San Francisco. Daniel Lurie, San Francisco Mayor stated at the inauguration that the new electric chargers will make it easier for residents to switch to EVs.
From West Coast to San Francisco
The first West Coast charging station by the company was launched in Mission District. It included 12 chargers with 320 kW capacity. The company installed 24 new chargers at John F. Kennedy International Airport in New York City, last week. Paul Suhey, Co-founder and COO of Revel stated regarding EV charging stations at urban areas
“Our mission at Revel is to bring reliable fast-charging to dense urban areas where EVs can have the biggest impact on quality of life, but where charging is hardest to come by,”
Green Bank Fund
In February, the startup secured a $60 million loan from NY Green Bank, a clean energy investment fund. The company aims to triple its current public fast-charging network in New York City. The fund will assist the electric charging station company to install 267 new fast chargers by 2027. This loan was secured after Trump attempted to freeze funding for a $5 billion federal EV charging infrastructure program.
Disclaimer
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About the Author
Naba Fatima covers AI models and the software that keeps chip demand locked in. She has written about Kimi K3's low API pricing and missing open weights, Qualcomm's $3.9 billion move against Nvidia's CUDA ecosystem and Nvidia's context-memory advantage in AI data centers.
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