Revil Transit is shutting down its Rid Schiber operation in NYC, as reported Bloomberg. The company will focus its efforts on EV charging. It is also looking for buyers for its fleet, including the license plates of 165 for river vehicles that it has.
“At the end of the day, the Ride Share is a very competitive market and the asset, it is a low margin,” said CEO Frank Rig. “We have made this difficult decision that the best way we keep moving the EV transfer is to eliminate our rider share service and focus on the construction of fast charging infrastructure.
The company was the first to operate the first electric ride heeling fleet in NYC, which launched with only 50 vehicles but eventually increased by 500 vehicles. However, this is a drip in the bucket compared to rivals like Uber and Left. Reveal average is an average of about 100,000 rides every month, but Uber and Left complete more than 20 million visits each month.
After the platform unveiled in 2021, Revil won with his EV chargers. It runs more than 100 chargers in five stations in NYC, with a dozen or more chargers in San Francisco. These stations are mainly used by Uber and left drivers. It is expected that 400 charging stalls by the end of next year and 2,000 in markets like NYC, Los Angeles and San Francisco by 2030.
“Uber and left is generating electricity rapidly and they are providing a ton of use for our chargers on a large scale two or three years ago,” said Reeg.
This is just the latest axis through Reveale. The company once operated a mopped rent service, but was closed last year. It also stopped drivers for transfer to a contractor -based model like Uber and Left.
