About Revoy
Revoy is a company based in San Mateo (United States) founded in 2020 by Ian Rust.. Revoy has raised $625 thousand across 3 funding rounds from investors including Y Combinator, TRAC and Climate Capital. Revoy offers products and services including EV Swapping Service. Revoy operates in a competitive market with competitors including ULEMCo, pepper motion, ZEVx, KEYOU and Boson Motors, among others.
- Headquarter San Mateo, United States
- Founders Ian Rust
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$625 K (USD)
in 3 rounds
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Latest Funding Round
$500 K (USD), Seed
Jun 01, 2022
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Investors
Y Combinator
& 2 more
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Employee Count
Employee Count
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Products & Services of Revoy
Revoy offers a comprehensive portfolio of products and services, including EV Swapping Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Facilitates quick battery swaps for trucks to reduce fuel use and operational downtime.
Funding Insights of Revoy
Revoy has successfully raised a total of $625K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $500 thousand completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $500,000
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Seed - Revoy | Valuation | Y Combinator | |
| Jun, 2022 | Amount | Seed - Revoy | Valuation | Y Combinator |
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| Jun, 2021 | Amount | Seed - Revoy | Valuation | Climate Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Revoy
Revoy has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Y Combinator, TRAC and Climate Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Investments are made by TRAC in early-stage technology startups.
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Founded Year | Domain | Location | |
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Venture capital is invested in climate tech startups and entrepreneurs.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Revoy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Revoy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Revoy Comparisons
Competitors of Revoy
Revoy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ULEMCo, pepper motion, ZEVx, KEYOU and Boson Motors, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Low-emission hydrogen-fueled vehicles are manufactured by converting diesel commercial trucks.
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| domain | founded_year | HQ Location |
Electric conversion kits for commercial vehicles are provided.
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| domain | founded_year | HQ Location |
Fleet electrification solutions for mid-duty vehicles are provided.
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| domain | founded_year | HQ Location |
Hydrogen-powered conversion kits are developed for commercial vehicles.
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| domain | founded_year | HQ Location |
Smart electric commercial vehicles are manufactured by Boson Motors.
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| domain | founded_year | HQ Location |
Tembo is recognized as a leader in electric utility vehicles.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Revoy
When was Revoy founded?
Revoy was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Revoy located?
Revoy is headquartered in San Mateo, United States. It is registered at San Mateo, California, United States.
Who is the current CEO of Revoy?
Ian Rust is the current CEO of Revoy. They have also founded this company.
Is Revoy a funded company?
Revoy is a funded company, having raised a total of $625K across 3 funding rounds to date.
What does Revoy do?
Manufacturer of electric trucks. The company offers hybrid-electric solutions for semi-trucks, allowing users to swap Revoy EVs for a charged unit in minutes.
What products or services does Revoy offer?
Revoy offers EV Swapping Service.
Who are Revoy's investors?
Revoy has 3 investors. Key investors include Y Combinator, TRAC, and Climate Capital.
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