Revel
Total raised: $31.6 million
Last round: $27 million Series A in October 2019
Key investors: Justin Mateen (co-founder of Tinder), Launch Capital (Spotify, Snapchat, Qeepsake), Maniv Mobility (Bolt Bikes, Ridecell, Turo)
Revel is a moped rideshare platform that lets users find, unlock, and ride electric scooters. It’s currently available in New York, Austin, Miami, Oakland, and DC. Its CEO has said he hopes to be in 10 cities by mid 2020.
Revel scooters come equipped with two helmets, go up to 30 miles per hour, and cost $0.25 per minute riding. To ride, users have to be licensed to drive, over 21 years old, and pass the safe driving history check.
Revel started with its pilot in Brooklyn in 2018, before rolling out fully in 2019.