Micromobility

In this episode, Oliver interviews Frank Reig, CEO of Revel, an e-moped sharing system in NYC/DC that has just announced a $27.6m raise to expand to 10 new cities. It’s a fascinating interview as shared e-mopeds have a number of key operational improvements over the more popular kick scooter/electric bike shared systems that we’ve seen. Specifically we discuss: - Their recent raise and plans for the next 12-18 months. - Their origin story from Frank’s experiences in Argentina and his background in the electric vehicle space - The financial, infrastructural and operational advantages of using e-mopeds over normal kick scooters, and how that drives them to consider themselves more like a parallel to the carshare industry than the kick scooter industry. - Their fleets in NYC and DC, and the experiences they’ve had working with regulators in both. - How they deal with parking, and why they believe that is part of Revel’s ‘special sauce’. - A deeper dive on both their vehicle longevity and their swappable b