Revel receives $50 million in financing to expand its Superhub fast charging network
Revel has secured $50 million in debt financing from BlackRock Alternatives, which it will use to grow its network of public EV fast-charging Superhubs in urban areas across the country.
Revel opened its flagship Superhub in Bed-Stuy, Brooklyn in 2021, and the company plans to open additional sites in major US cities in 2023. All of Revel’s upcoming Superhubs will support charging speeds of at least 150 kW.
“BlackRock’s Climate Infrastructure team has been a great partner to Revel, and this announcement shows just how committed they are to our shared goals,” said Revel CEO and co-founder Frank Reig. “With BlackRock’s support, Revel is preparing an expansion of our Superhub network, giving cities across the country the infrastructure they need to go electric.”