Revel Nabs $ 60 million in New York State financing to build more EV charger

While President Donald Trump is trying to freeze the financing of the Federal EV infrastructure program worth $ 5 billion, some states climb.

EV Revel Revel Subed on Monday, a $ 60 million loan from the New York Energy Investment Fund to more than three times the current fast shipping network in New York City.

The $ 60 million loan is the first for the NY Green Bank, which has not yet represented the EV infrastructure. The participation of the fund is an indication that New York is committed to electric cars and that debt lenders have started to see the infrastructure for charging EV as a returnable investment.

This funding will help re -establish nine sites throughout the city, which will eventually translate into 267 kiosks for shipping by 2027. Over the next 12 months, Revel intends to complete construction on five public shipping sites with about 158 ​​kiosks, including advertisement Recently, a site at John F. Kennedy, four others via Queens, Brocklin and Bronx.

The company stopped in November on JFK, which expects to open in the first quarter of 2025. Like its next station at Laguardia Airport, JFK is located near where passenger drivers await passengers.

The next Revel site in Maspeth, Queens, will contain 60 kiosks, making it one of the largest public charging stations in the country.

New York Governor Cathy Hochol said in a statement. “This important investment deals with the main need to provide users of electric cars in New York City with general freight options that are intensified while reducing local emissions.”

In 2022, New York State imposed all new sales or contract contracts light passenger vehicles by zero emissions by 2035.

Revel focuses on other markets as well. A Revel Techcrunch spokesman told the company that the company continues to collect donations, especially stocks and debts, to build more charging stations in California. Revel hopes to launch a site in the Gulf region this year, paying attention to peeling to the prosperous Robotaxi electric manufacturer there.