Revel, more commonly known for its fleets of rental mopeds, plans to launch a ridehail service in New York City. Its effort is just the latest chapter of venture capital-backed transportation startups using legal gray areas or loopholes to add more vehicles to streets.
Mandatory Credit: Courtesy Revel
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Revel saw a loophole as an opportunity for a new ridehail service. New York City is absolutely livid
Back in 2018, New York City regulators, tired of vehicles from Uber and Lyft making some streets so clogged that cars had to drive slower than streetcars and buggies once had, cracked down and said they would temporarily block new for-hire licenses. But in a fit of environmental-minded well-meaning, they left a loophole for electric cars. Now an upstart company is trying to use that loophole to bring new cars into Manhattan.
