Revel, a leading provider of public EV fast-charging stations, has secured a $60 million loan from NY Green Bank, the state’s clean energy investment fund. Announced on February 10, 2025, this funding aims to more than triple Revel’s current fast-charging network, facilitating the construction of 267 new charging stalls across nine strategic locations in the city.

The $60 million loan will be NY Green Bank’s first investment in EV charging infrastructure, and this step is a crucial part of New York’s commitment to sustainable transportation. As said by Governor Kathy Hochul, “In support of the transition to a clean energy economy, it is critical that we continue to build electric vehicle infrastructure to ease the shift to EV ownership for more New Yorkers, especially those in urban areas.”

Revel’s expansion plan includes the following key projects:

• Maspeth, Queens: A 60-stall charging station, poised to become the largest fast-charging hub in the Northeast U.S.
• Near LaGuardia Airport: A 44-stall facility, set to be the largest fast-charging station near any airport nationwide.
• John F. Kennedy International Airport (JFK): A 24-stall station, making it the largest charging site at JFK.
• Greenpoint, Brooklyn: A 30-stall charging station to serve the local community.
• Port Morris, Bronx: A 20-stall facility aimed at enhancing charging access in the area.

Notably, the sites near LaGuardia Airport and in Port Morris are located within Disadvantaged Communities (DAC), aligning with the state’s goal to promote environmental justice and equitable access to clean transportation.

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Founded in 2018, Revel has rapidly become a cornerstone of New York City’s EV infrastructure. The company operates a fleet of shared electric mopeds and has been instrumental in promoting sustainable urban mobility solutions. With this new funding, Revel is set to significantly enhance its fast-charging network, addressing a critical need for accessible and reliable EV charging options in the city.

Revel’s CEO and Co-Founder, Frank Reig, expressed enthusiasm about the partnership with NY Green Bank, stating, “This investment enables us to accelerate the buildout of our fast-charging network, making EV ownership more accessible for all New Yorkers and supporting the city’s transition to a cleaner transportation future.”

The collaboration between Revel and NY Green Bank aligns with New York State’s ambitious clean energy objectives. By expanding the EV charging infrastructure, the state aims to reduce greenhouse gas emissions and encourage the adoption of electric vehicles. Doreen M. Harris, President and CEO of the New York State Energy Research and Development Authority (NYSERDA), highlighted the significance of this initiative, stating,

“NY Green Bank’s financing support for critical infrastructure that is advancing clean transportation complements NYSERDA’s efforts to drive the transition to electrification of this sector.”

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Urban centers like New York City face unique challenges in EV adoption, primarily due to limited space for charging infrastructure and the high density of vehicles. Revel’s strategic placement of new charging stations aims to mitigate these challenges by providing convenient and accessible charging options in key locations, including major transportation hubs and underserved communities.

The planned charging station near LaGuardia Airport, for instance, will not only serve travelers but also provide essential infrastructure for ride-sharing services and commercial fleets operating in the area. Similarly, the stations in Disadvantaged Communities are designed to ensure that the benefits of clean transportation are equitably distributed, supporting environmental justice initiatives.

The expansion of EV charging infrastructure presents both economic and environmental advantages. Economically, the construction and operation of new charging stations create jobs and stimulate local businesses. Environmentally, increased availability of charging stations encourages more drivers to switch to electric vehicles, leading to reductions in air pollution and greenhouse gas emissions.

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Governor Hochul stated, “This significant investment addresses the key need of providing electric vehicle users in New York City with much-needed public charging options while reducing local emissions.

With the $60 million loan from NY Green Bank, Revel is poised to play a pivotal role in shaping the future of urban transportation in New York City. The planned expansion of its fast-charging network is expected to not only support current EV users but also encourage more residents to consider electric vehicles as a viable and convenient option.

As construction progresses, stakeholders will be keenly observing the impact of these developments on EV adoption rates, traffic patterns, and environmental quality in the city. 

Revel’s initiatives, supported by state funding, represent a significant step toward a more sustainable and accessible transportation ecosystem in one of the nation’s most populous urban centers.