Revel Nabs is $ 60 million in New York’s state funding to build additional EV chargers ncvrs.com

As President Donald Trump tries to freeze financing for a $ 5 billion federal EV charging infrastructure program, some states will occur.

Launching the EV prize-infrastructure on Monday raised a $ 60 million loan by New York Pure Energy Investment Fund NY Green Bank to over three times its current public fast-charged network in New York.

The $ 60 million loan is the first for NY Green Bank, which does not yet have to finance the EV charging infrastructure. Participation in the Fund indicates that New York is committed to electric vehicles and that debt lenders begin to consider EV -infrastructure as a refundable investment.

Funding promotes Revel’s design throughout the city, which until 2027 will eventually turn to 267 new, fast-pacing booths. In the next 12 months, Revel wants to finish at five public charging sites with about 158 ​​charging stalls, including it. He recently announced the venue at John F. Kennedy Airport and four more in Queens, Brooklyn and Bronx.

The company broke it at the JFK site in November, which is expected in the first quarter of 2025. Like the upcoming station at Laguardia Airport, it is located near the JFK site, where Ride drivers are waiting for passengers.

Revel’s upcoming site will be at 60 booths in Maspeth, Queens, which would make it one of the nation’s largest public charging stations.

“In order to support the transition to a clean energy economy, it is critical to continue to build the infrastructure of electric vehicles to facilitate the transition to EV ownership, especially in the urban areas, especially in urban areas.” said Kathy Hochul, New York Governor Kathy Hochul. “This significant investment meets the most important need to provide very necessary public charge options in New York City while reducing local emissions.”

In 2022, the New York State authorized that by 2035 all new sales or light cars should be zero emission vehicles.

Revel also focuses on other markets. A Revel spokesman told Techcrunch that the company continued to raise funds, especially capital and debt to build several filling stations in California. Revel hopes to launch a place in the Gulf this year, keeping in mind to the growing electric robotax industry there.