EV charging startup Revel has secured a $60 million loan from NY Green Bank to more than triple its public fast-charging network in New York City, TechCrunch reports.
The funding will support the construction of nine new sites, adding 267 fast-charging stalls by 2027. Over the next year, Revel plans to complete five sites with 158 stalls, including one at John F. Kennedy Airport.
See also: Toyota Partners with Revel to Offer Free DC Fast Charging for EV Customers in New York City
The company’s upcoming Maspeth, Queens site will have 60 stalls, making it one of the largest public charging stations in the U.S.
“In support of the transition to a clean energy economy, it is critical that we continue to build electric vehicle infrastructure,” New York Governor Kathy Hochul said. “This investment addresses the key need of providing EV users in New York City with public charging options while reducing emissions.”
See also: Revel Opens First Fast-Charging EV Station in Manhattan
Revel is also expanding in California, planning multiple sites in the Bay Area this year, with its first 12-stall station in San Francisco’s Mission District set to open in March.
The company has eight active leases in the Bay Area, totaling 125 stalls in development, with openings planned for 2025. It has also secured two leases in Los Angeles for 50 stalls, both in the design phase.