Revel, an electric mobility startup based in Brooklyn, has secured a significant $60 million loan from New York State's Green Bank to enhance electric vehicle charging infrastructure. This funding will be used to construct 267 EV charging stalls across nine locations, including strategic sites at John F. Kennedy and LaGuardia Airports, and a large 60-stall station in Queens. This development is particularly notable as it occurs amidst federal challenges to EV funding, highlighting how local and state initiatives may compensate for shifting national policies.
Revel has secured $60 million from New York State to install almost 300 EV charging stalls, indicating state-level commitment to EV infrastructure amidst federal funding challenges.
The funding marks NY Green Bank's first foray into EV charging investment, underlining local actions in response to federal policy shifts regarding electric vehicle infrastructure.
With the new loan, Revel plans to build 267 charging stalls at nine sites, enhancing access to public DC fast chargers across New York City.
Revel co-founder Frank Reig highlights that state responses can intensify when federal policies shift, showcasing how blue states adapt to federal funding cuts.
Collection
[
|
...
]