Revolv
Revolv is a San Francisco-based commercial fleet electrification company that operated a Fleet-as-a-Service platform enabling medium-to-heavy commercial vehicle operators to electrify without upfront capital expenditure. It served commercial fleet and logistics customers across North America and was acquired by Zenobē in March 2026.
- Company typePrivate
- Founded2019
- HeadquartersSan Francisco, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Revolv does
Revolv was a California-based, privately held commercial fleet electrification company founded in 2019 and headquartered in San Francisco. The company targeted medium-to-heavy commercial vehicle operators — including delivery truck fleets and logistics operators — seeking to transition from internal combustion to electric powertrains without absorbing the capital expenditure and operational complexity of doing so in-house.
Revolv's core offering was a Fleet-as-a-Service (FaaS) platform that bundled vehicle procurement, charging infrastructure deployment, and incentive capture into a single subscription-style service. The company managed supplier coordination, infrastructure rollout, and federal/state incentive administration, allowing fleet operators to electrify with no upfront CAPEX. Its differentiating capability was end-to-end integration across vehicles, charging assets, and financial incentives rather than any single component technology.
Revolv generated revenue through recurring fees on its FaaS contracts, going to market via direct enterprise field sales to commercial fleet operators and earning coverage through news and PR channels. The company raised $40 million in total ($15M Series A in March 2023 and $25M project financing in November 2023), both led or facilitated by Greenbacker Capital Management. By the end of 2023, Revolv had delivered or placed on track over 100 electric vehicles and operated 13 customer sites in California, with stated ambitions to scale to thousands of vehicles across North America. In March 2026, Revolv was acquired by UK-based Zenobē, becoming part of its North American operations and marking Zenobē's entry into the U.S. electric truck and commercial fleet segment.
Revolv firmographics
Firmographics- Name
- Revolv
- Legal name
- Revolv
- Website
- https://revolv.us
- Company type
- Private
- Founded year
- 2019
- Operating status
- Acquired
- Headcount range
- 11–50 employees
- Short description
- Revolv is a San Francisco-based commercial fleet electrification company that operated a Fleet-as-a-Service platform enabling medium-to-heavy commercial vehicle operators to electrify without upfront capital expenditure. It served commercial fleet and logistics customers across North America and was acquired by Zenobē in March 2026.
- Ownership category
- akta.pro rank
Revolv industry classification
Industry- Product category
- Commercial Fleet Electrification Services
- NAICS
- Automotive Equipment Rental and Leasing (5321)
- SIC
- Services-Auto Rental & Leasing (No Drivers) (7510)
- akta.pro primary industry
- Fleet Remarketing & Vehicle Disposal (Auctions, Buyback, Resale) (TLABAHAN)
- akta.pro secondary industry
- Urban Electric Delivery Vehicles Rental/Leasing (EDVs/Step Vans) (TLABAGAF)
Keywords
Where Revolv is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Revolv business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Infrastructure, Operations, Personnel, Marketing or Sales, Technology or R&D
Revenue model
- Fleet-as-a-Service: Companies electrify fleets without capital expenditure; Revolv manages vehicle procurement, infrastructure, and incentives while charging fleet operators a recurring fee for the service
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Not publicly disclosed | Fleet-as-a-Service - Zero upfront cost model |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Revolv product offering
Product offeringCore offering
Revolv provided a Fleet-as-a-Service (FaaS) solution for the electrification of medium-to-heavy commercial vehicle fleets. The company managed end-to-end vehicle procurement, charging infrastructure deployment, and incentive coordination under a subscription-style model that allowed fleet operators to transition to electric vehicles without upfront capital expenditure. Services were delivered at customer operational sites across North America, with a footprint of 13 operational customer sites in California and a fleet of over 100 electric trucks at the time of acquisition.
Product overview
Revolv offered a unified fleet-as-a-service model for the electrification of medium-to-heavy commercial vehicle fleets. The core offering was a turnkey solution that bundled vehicle procurement, charging infrastructure, and incentive management into a single subscription-style service, allowing fleet operators to transition to electric vehicles without capital expenditure.
Differentiator
Problem solved
Functional benefit
Products and services
- Fleet-as-a-Service (FaaS) End-to-end commercial fleet electrification service enabling fleet operators to transition to electric medium-to-heavy vehicles with no upfront capital expenditure. Revolv managed vehicle procurement, charging infrastructure deployment, and incentive coordination on behalf of the customer, charging a recurring fee.
Quantifiable outcome
- Over 100 vehicles delivered or on track for delivery by end of 2023
Companies that use Revolv
Customer profileSegments2 records
Ideal customer profiles1 record
Revolv technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Revolv partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- ZenobeflagshipZenobe, a UK-based fleet electrification and battery storage company, acquired Revolv in March 2026, adding over 100 electric trucks and 13 operational sites in California to its fleet. The acquisition marked Zenobe's entry into the U.S. electric truck market and commercial fleet segment.
Scale indicators4 records
Recent moves5 records
Expansion highlights4 records
Revolv competitors and assessment
Company assessmentDirect peers
- WattEV: WattEV develops and operates public-access charging depots purpose-built for medium- and heavy-duty electric trucks in California, overlapping directly with Revolv's fleet electrification and charging infrastructure offering for the same commercial fleet customer base.
- Forum Mobility: Forum Mobility provides electric drayage truck leasing and charging infrastructure at California ports, directly comparable to Revolv's Fleet-as-a-Service model for commercial truck fleets requiring depot-based charging and vehicle-as-a-service offerings.
- Xos Trucks: Xos Trucks manufactures and deploys medium- and heavy-duty commercial electric vehicles, serving the same fleet operator customers that Revolv targets through its FaaS electrification model.
- Lightning eMotors: Lightning eMotors provides purpose-built commercial electric vehicles and fleet electrification solutions, including charging infrastructure and fleet management software, directly addressing the same commercial fleet use cases as Revolv.
Broad incumbents
- Daimler Truck North America: Daimler Truck is a major commercial vehicle OEM offering electric Freightliner and Western Star models, plus charging solutions through its Daimler Truck Innovation Center; it competes with Revolv indirectly by serving fleet operators with both vehicles and infrastructure at much greater scale.
- Volvo Trucks: Volvo Trucks sells Class 8 electric commercial vehicles in North America (VNR Electric) and is developing charging and fleet services, representing a broad incumbent competing for the same medium-to-heavy commercial fleet electrification opportunity.
- NFI Group: NFI Group, through its New Flyer and Alexander Dennis subsidiaries, is a leading North American manufacturer of transit buses and coaches with an expanding zero-emission portfolio, providing an established incumbent alternative for commercial and public fleet operators evaluating electrification solutions.
- PACCAR: PACCAR, parent of Kenworth, Peterbilt, and DAF, is a major commercial truck OEM investing in zero-emission vehicles and charging infrastructure, competing for the same medium-to-heavy commercial fleet customers as Revolv with significantly greater manufacturing scale.
Emerging players
- Tesla: Tesla's Semi program targets the same medium- and heavy-duty commercial fleet electrification market that Revolv serves, with Mega Charger infrastructure ambitions that overlap with Revolv's depot-charging focus; Tesla is a new entrant in this segment with deep balance-sheet backing.
- GreenPower Motor Company: GreenPower designs, manufactures, and distributes a range of zero-emission commercial vehicles including electric trucks and school buses, addressing a portion of the same commercial fleet electrification opportunity that Revolv targets.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Revolv financial estimates
Financial estimateRevenue estimate
Valuation estimate
Revolv leadership team
Management profileNumber of profiles
Revolv funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Revolv M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Revolv
What does Revolv do?
Revolv provided a Fleet-as-a-Service (FaaS) solution for the electrification of medium-to-heavy commercial vehicle fleets. The company managed end-to-end vehicle procurement, charging infrastructure deployment, and incentive coordination under a subscription-style model that allowed fleet operators to transition to electric vehicles without upfront capital expenditure. Services were delivered at customer operational sites across North America, with a footprint of 13 operational customer sites in California and a fleet of over 100 electric trucks at the time of acquisition.
Is Revolv a public or private company?
Revolv is a private company. It is classified as venture growth investor backed and is currently acquired.
When was Revolv founded?
Revolv was founded in 2019. It employs 11 to 50 people.
Where is Revolv based?
Revolv is headquartered in San Francisco, United States, in the North America region.
How does Revolv make money?
One revenue line is on record: fleet-as-a-Service.
Who are Revolv's main competitors?
Direct peers on record are WattEV, Forum Mobility, Xos Trucks and Lightning eMotors. Broad incumbents are Daimler Truck North America, Volvo Trucks, NFI Group and PACCAR. Emerging players are Tesla and GreenPower Motor Company.
Does Revolv have an API?
No public API is recorded for Revolv.
What industry is Revolv in?
Revolv's product category is Commercial Fleet Electrification Services. Its primary akta.pro industry code is TLABAHAN, Fleet Remarketing & Vehicle Disposal (Auctions, Buyback, Resale), with a secondary code of TLABAGAF, Urban Electric Delivery Vehicles Rental/Leasing (EDVs/Step Vans). Its NAICS code is 5321 and its SIC code is 7510.