Frank Reig’s Post

As the penetration rate of electric vehicles (EVs) in the US lags behind Europe and China, it's clear that infra development is crucial for driving EV adoption. High costs and a lack of fast charging infrastructure are among the main barriers faced by consumers. Many urban dwellers, including those in major cities like New York City and San Francisco, struggle to find convenient fast chargers, hindering the widespread adoption of EVs. That's why Uber's collaboration with our portfolio Revel is so significant. By leveraging Revel's expertise and innovative solutions, Uber aims to address the infrastructure challenges head-on and accelerate the transition to sustainable transportation. Together, they're paving the way for a greener, more accessible future for urban mobility. At LM Ventures, we're proud to support visionary companies like Revel that are driving positive change in the transportation sector. This partnership exemplifies the transformative impact that strategic collaborations can have on advancing sustainability and innovation. Read more about this exciting collaboration on Bloomberg: https://lnkd.in/g-nYx4hg #Uber #Revel #ElectricVehicles #EVCharging #Sustainability #Innovation #UrbanMobility #VentureCapital

The Uber-Revel Deal: A Masterclass in Market-Making The newly announced Uber-Revel partnership over EV charging infrastructure highlights immense opportunities emerging across transportation electrification. But it also exposes risks certain players may face through inaction. On the surface, the multi-year deal seems straightforward - Uber provides financial guarantees, enabling Revel to expand charging sites, while Uber drivers receive exclusive discounts in exchange. However, this represents far more than a simple transaction. Uber is cleverly positioning itself at the center of the urban mobility ecosystem. By aligning interests with a disruptive charging upstart, they're future-proofing their network for an all-electric reality. This preemptive move allows Uber to "reserve" chargers for its fleet before incumbents react, conferring a major first-mover advantage. Meanwhile, Revel capitalizes on Uber's unmatched mobility data and scale to relentlessly deploy chargers exactly where demand will materialize. Minimizing costly overbuilds and dead zones, Revel can leapfrog competitors in optimizing charging utilization - the elemental factor to unlocking profitability. Crucially, this symbiotic relationship accelerates both parties agendas in lockstep. Uber is incentivizing electrification without massive CAPEX. Revel is piggybacking growth atop Uber's massive network before rivals can respond. But the profound implication is how this deal pressures other mobility and charging players to pursue similar alliances. Automakers, utilities, EVSE providers, fleets - any incumbent relying on static models or solo efforts risks obsolescence as disruptors shape the landscape first. Aggressive market coordination to align interests and bundle capabilities has become the new imperative for capturing value in transportation electrification. No stakeholder can go it alone. Those with a line of sight across converging sectors—tech, energy, real estate, transportation—stand to benefit most from this market's churn. Harnessing data for smarter infrastructure planning will be paramount. #electricvehicles #evcharging #mobility #infrastructure #innovation #partnerships #evcharging #electricvehicles #mobilityservices #smartcities #infrastruture #cleanenergy #entrepreneurship #strategicpartnerships #innovation #disruptivetechnologies https://lnkd.in/gx6hS24d

🚗 Welcome to RapidRide: Driving the Future of Urban Mobility! 🚗 Today marks the beginning of an exciting journey—one fueled by a dream to transform the way we move through our cities. I am thrilled to introduce RapidRide, a car service platform designed to redefine convenience, safety, and efficiency in urban transportation. The Vision: At RapidRide, we believe that getting from point A to point B should be seamless, reliable, and stress-free. Our goal is to connect riders with trusted drivers in real-time, offering a service that prioritizes your safety, comfort, and time. Whether you're heading to work, catching a flight, or exploring the city, RapidRide is here to make your journey smooth and enjoyable. Why RapidRide? Commitment to Safety: Every driver on our platform is thoroughly vetted, ensuring you’re in good hands every time you ride with us. User-Friendly Experience: Our intuitive platform makes it easy to book a ride, track your driver, and reach your destination on time. Local Impact: By partnering with local drivers, we’re contributing to the economy and empowering communities to thrive. This is just the beginning. As we continue to grow, we’re committed to listening to our users and evolving to meet your needs. RapidRide is more than just a car service—it’s a movement towards better, smarter urban living. Thank you for joining us on this journey. Together, let’s drive the future of transportation. Stay tuned for more updates, and get ready to experience the ride of your life with RapidRide! #RapidRide #UrbanMobility #Innovation #Transportation #StartupJourney

🌟 Exciting Partnership Alert: Uber & Revel Driving the EV Revolution! 🚗⚡ Just a few weeks ago, I emphasized the significance of major players in the EV industry teaming up to speed up the transition, especially with IONNA leading the charge with a massive collaboration. And it's fantastic to see this trend continuing! 🔄 In a significant stride forward, Uber and Revel have joined forces to enhance their impact. With Uber's backing, Revel is expanding its footprint from NYC to nationwide, offering exclusive charging discounts to Uber drivers. This marks a substantial leap in sustainable transportation. 🌍 This partnership highlights the crucial role of collaboration among industry leaders in fostering meaningful change. Together, Uber, Revel, and other key players are actively shaping a greener future. Here's to the power of partnership in accelerating the transition to electric mobility! 🤝 #UberRevelPartnership #SustainableTransport #EV🌱

The rise and fall of EV start-ups could kill consumer confidence in the technology " data-before-rewrite-localise="https://accionvegana.org/accio/0ITbvNmLulGZltmbpxmL3d3d6MHc0/vehicle-tech/hybrid-electric-vehicles/the-rise-and-fall-of-ev-start-ups-could-kill-consumer-confidence-in-the-technology: Depending on your news source, sales of electric vehicles are either gloriously in ascendance or their popularity is dwindling, especially among private buyers.  But for ambitious Californian EV start-up Fisker, the outlook appears increasingly gloomy, as … #car #cars #awesome

Uber South Africa engages e-mobility partners, as it paves the way to deploy electric vehicles for its delivery and e-hailing business next year. #UberSA #BYD #ElectricVehicles

🚀 Exciting times ahead 🌿 I'm thrilled to share a sneak peek of what we've been working on at EVie, our innovative A to B service. As we continue to push the boundaries of shared mobility, we're aiming to introduce shared ‘micro-mobility’. Why micro-mobility? Because it represents another leap towards our vision of a healthier, more sustainable future. By optimising the use of smaller, agile vehicles, we're reducing resource use, creating single trip solutions impacting traffic congestion, and generally making our islands more livable. 🤝 We’re collaborating with key strategic partners to roll out a convenient pick-up and drop-off system. Imagine the ease of booking a ride through the EVie app, unlocking your vehicle with just a tap, and being on your way in moments. Our digital platform ensures that every step is seamless. 🌍 This isn’t just about technological innovation—it’s about driving real change in the way we think about and use transport. 👀 Watch this space for more updates, and get ready to join us on this exciting journey. Together, we're not just moving from place to place; we're moving towards a better future. #SharedMobility #MicroMobility #SustainableTravel #Innovation #TechForGood Ports of Jersey / Andium Homes / Digital Jersey / Jersey Electricity / Government of Jersey / Vulog / XEV

🚗💡 Exciting News in Clean Energy and Ridesharing! 💡🚗 Hey everyone, I've got some big news to share in the world of clean energy and ridesharing! Uber Technologies and Revel have teamed up to make a positive impact on electric vehicle (EV) drivers, starting right here in New York City. 🌟 Revel, the cool EV charging startup famous for its eye-catching sky blue Tesla Model Ys and Kia Niro EVs, is getting a boost from Uber to expand its charging network. In this special partnership, Uber is backing Revel's growth efforts in exchange for awesome charging discounts for its drivers. 🔄⚡ So, what's in it for Uber drivers? They'll get sweet discounts of up to 25% on Revel's fast chargers all over NYC, and there are even plans to bring these perks to other cities across the US. 🗽🚕 Plus, Revel's charging stations are open 24/7, no fees for parking or access, making it super easy for drivers to get charged up and back on the road. 🛣️ Uber's commitment to supporting Revel's EV charging network is a big step towards making urban areas more EV-friendly and building a cleaner, greener future. With Uber's help, Revel is gearing up to expand its charging network from NYC to cities like San Francisco, Los Angeles, Chicago, Boston, and more. 🌎🔌 But it's not just about EV adoption; it's about creating fair and accessible charging solutions for drivers and communities alike. As Revel CEO Frank Reig says, "Together, Revel and Uber are leading the charge in bringing clean energy to cities, making it easier for everyone to go green." 🌱🌟 So, stay tuned for more updates as things continue to shake up in the world of ridesharing and clean energy! Let's drive towards a brighter, more sustainable future, one ride at a time. 🚀🔋 #CleanEnergy #Ridesharing #SustainableFuture #PartnershipGoals Sorfin Yoshimura LTD https://lnkd.in/eEKh2Wbj

Mahindra Last Mile Mobility Limited recently announced a strategic partnership with Bengaluru-based EV startup Vidyut on December 11, 2024. The partnership launched the country’s first-of-its-kind BaaS program, which promises to slash the financial barriers for switching over to electric vehicles in the commercial sector. It’s likely to change the game on EV ownership and drive Indian sustainable transportation forward. https://lnkd.in/gKcxmBxr

🚖 The battle between legacy taxi operators and ride-hailing giants like Uber is not going away anytime soon. As the competition heats up, traditional taxi businesses must decide whether to adapt or risk being left behind. In this article, Matthew Bezzina, CEO of eCabs Technologies, shares his firsthand experience in navigating this disruption. He explores how complacency, not innovation, poses the greatest threat to legacy operators why embracing digital transformation is the only path forward, and much more. https://lnkd.in/dzGjZ7c9