EV startup Revel’s moped-share option is ending in both New York City and San Francisco, the company announced in a company-wide email on Friday, citing the need to focus on its ride-hail service, according to a company-wide email seen by TechCrunch. Revel added rideshare in June of last year as a more eco-friendly option for riders, starting with a fleet of 50 Teslas.
, Miami, and San Francisco. In a memo to staff viewed by TechCrunch, Reig reportedly explained that “the service has been strained and ridership isn’t what it used to be.” A spokesperson told the outlet that Revel’s e-moped ridership dropped by roughly 30% since last year and it is no longer a sustainable option to keep it going.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: