Former rivals become allies! Revel ends New York ride-hailing business, partners with Uber to build charging network.
The financial app Zhitong learned that the shared mobility platform Revel Transit Inc. has decided to terminate its ride-hailing operations and shift its strategic focus to the electric vehicle charging field. This New York-based company, after facing intense competition in the local market, has chosen to establish a partnership with former rival Uber (UBER.US) to jointly expand their network of charging stations.
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