All-electric rideshare EV charging infrastructure provider Revel made good on previously announced plans to expand its network of fast charging stations around New York City. This afternoon, Revel officially opened a 24/7 public charging station at Pier 36 in Manhattan, the first of its kind in the NYC borough.
Revel is no stranger to Electrek’s homepage. The Brooklyn-based company has been helping accelerate EV adoption by providing the necessary infrastructure and coinciding services to help ensure the public goes electric more easily, particularly in New York City.
There’s no shortage of demand for sustainable rideshare options in the Big Apple, but Revel’s business strategy specializes in filling another critical need in the business—charging infrastructure. In addition to all-electric taxis, the company has been developing and installing level 3 chargers across the city to support its fleet and other EV drivers living in the city.
At the onset of this rollout, Revel had fewer than 30 fast-charging stalls at stations across NYC but shared plans to expand throughout the city and beyond. Those plans included a new 60-stall Superhub in Queens, as well as additional charging stations across the five boroughs.
Today, Revel cut the ribbon on one of these previously planned charging stations, bringing 24/7 public EV charging to Manhattan for the first time.
Revel’s current charging station locations / Source: Revel
Revel cuts ribbon on Pier 36 charging station in NYC
During a ceremony held in Manhattan this afternoon, Revel officially opened its latest charging station at Pier 35 at 299 South Street. The new site consists of ten DC fast chargers offering NACS and CCS plugs and charge rates up to 320 kW.
Like all of Revel’s EV charging stations, the Pier 36 location is open to the public and available 24/7, with no hidden fees. Revel explained that this new location is the first always-open public charging station in Manhattan, further helping support EV drivers around NYC, whether they work for a taxi service or are independent owners. Per NYC’s taxi and limousine commissioner David Do:
I can’t think of a better way to celebrate Climate Week NYC than by opening up a new EV charging hub. Every single hub from Revel and other providers makes our city cleaner, greener, healthier, and more livable. Every hub also makes it easier for for-hire drivers to switch to an EV, save on costs, and put money back in their pockets. This much-needed hub puts a new power option on the map for both TLC drivers and all New Yorkers who are already driving EVs, or considering the switch.
Do’s thoughts are important because the commission he currently leads recently released a report sharing the progress of its Green Rides Initiative. The initiative was implemented last year and made New York the first US city to mandate that all rideshare vehicles be either zero-emission or wheelchair accessible by 2030. Per the report, its progress is already two years ahead of schedule.
By implementing more public EV charging stations, Revel and other infrastructure developers are helping expedite the city’s transition to cleaner vehicles in the rideshare and livery segment. With its Pier 36 location now open, Revel’s network now consists of 64 public fast chargers, the largest in New York City.
As we mentioned before, however, Revel has plans for plenty of charging options in New York and other major metropolitan areas. The company says it intends to expand to 300 chargers in New York by the end of 2025, including opening a 60-stall station in Maspeth, Queens, and 48-stalls outside of LaGuardia Airport – which would be the largest charging station outside of an airport in all of the US. Here’s how Revel’s current and upcoming station map looks:
Current Revel charging stations
Bedford-Stuyvesant (Brooklyn) – 25 stalls
South Williamsburg (Brooklyn) – 15 stalls
Long Island City (Queens) – 14 stalls
Lower Manhattan (Pier 36) – 10 stalls
Upcoming Revel stations in NYC
LaGuardia – 48 stalls
Maspeth – 60 stalls
Red Hook – 20 stalls
South Bronx – 25 stalls
Other US cities in the works
Los Angeles
Oakland
San Francisco
San José
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Transocean Barents, an oil platform passes through Canakkale Strait as vessel traffic suspended in both directions in Canakkale, Turkiye on November 12, 2024.
Enishan Keskin | Anadolu | Getty Images
Shares of Transocean plunged Thursday after the offshore driller announced the sale of a large number of shares at a discount.
Transocean is planning to sell 125 million shares at a price of $3.05, significantly lower than Wednesday’s close of $3.64. It is offering 25 million shares more than it originally planned.
The Swiss company’s stock was last down 14.8% premarket. The offering is expected to close on Friday.
Transocean expects to book about $381 million from the sale. It will use the proceeds to pay off debt.
(Correction: Updates with correct share offering price.)
New York City’s new 15 mph speed limit for electric bikes is officially set to take effect next month, in what city officials claim is a move to improve street safety. But not everyone is convinced the crackdown is targeting the real threat on the roads.
The new limit, approved earlier this year, applies to e-bikes, mopeds, and other micromobility vehicles operating in city bike lanes. Riders caught exceeding 15 mph could face warnings or citations, though the exact enforcement strategy remains murky. The NYPD says it will focus on “education first,” but given the city’s track record, that could just be the calm before the ticket storm.
The rule comes amid growing concerns from some residents and officials about rising speeds among e-bike riders, especially delivery workers who often rely on throttle-equipped bikes to meet tight deadlines. But while the new speed cap is aimed at micromobility vehicles, there’s a noticeable omission: cars, trucks, and SUVs, which continue to be allowed to travel at 25 mph – and in practice, often much faster – even though they pose exponentially more risk to vulnerable road users and are responsible for orders of magnitude more deaths each year.
It’s a move that raises eyebrows and has resulted in thousands of publicly-submitted comments that the New York Department of Transportation has seemingly ignored.
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After all, the majority of traffic fatalities in New York City don’t involve e-bikes. They involve cars. And while some e-bike riders certainly ride irresponsibly, the blanket limit nearly cuts in half the more widely accepted e-bike speed limits used around the US, and doesn’t even apply to pedal bikes, which can easily exceed such speeds despite nearly identical average weights when factoring in the vehicle and rider. Not to mention, it ignores the critical role that e-bikes play in reducing traffic congestion and emissions, especially in the delivery and commuting sectors.
So while New York is slowing down its most efficient and sustainable form of urban transport, it’s letting the real heavyweights keep their speed. If the goal is safety, then it’s fair to ask: why aren’t cars being asked to go 15 mph too?
Because once again, it seems the rules are written for the powerful – not the vulnerable.
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Tesla is now buying advertising on Elon Musk’s X (formerly Twitter) to get Tesla shareholders to vote for his CEO compensation package worth up to $1 trillion in stock options.
Tesla, under Elon Musk’s leadership, has famously been against advertising. The CEO is even on the record saying that he “hates advertising” and that “other companies spend money on advertising and manipulating public opinion, Tesla focuses on the product.”
However, that was before he acquired Twitter, now X, which relies heavily on advertising.
The automaker is in a full-on marketing blitz to convince shareholders to vote for the package and to allow Tesla to issue more shares in exchange.
Now, Tesla is even buying social media ads to push shareholders to vote for Musk’s compensation package and they are even buying ads on Musk’s privately owned platform, X:
They are also buying ads on Instagram, Facebook, and Reddit.
As we previously reported, Tesla’s board has claimed that voting for the compensation package will determine the future of Tesla.
Musk went even further and linked his compensation package to the future of the world.
Earlier today, the CEO claimed that his compensation plan is not about money, but about control over Tesla:
It’s not about “compensation”, but about me having enough influence over Tesla to ensure safety if we build millions of robots. If I can just get kicked out in the future by activist shareholder advisory firms who don’t even own Tesla shares themselves, I’m not comfortable with that future.
The CEO previously threatened Tesla shareholders not to build AI products at Tesla, despite claiming they were critical to the company’s future, if he doesn’t get 25% control over the company.
Electrek’s Take
The CEO of a publicly traded company threatens shareholders to gain control over the company and uses company funds to purchase ads that benefit his privately held company, with the goal of persuading the shareholders of the publicly traded company to give him more money.
If that’s not late-stage capitalism, I don’t know what is.
Also, I know I won’t shock anyone here, but Elon is lying about this not being about money.
If he wants to increase his percentage of Tesla shares, he could do exactly what his friend Larry Ellison did with Oracle and do long-term buybacks. It would benefit everyone, but it’s not what he wants. He wants the shiny new stock options.
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