Revolv Acquisition, Valuation, Funding & Investors

Revolv was acquired by Zenobe Energy for $1.6B in March 2026, a 1.3x multiple on $1.2B of revenue.

Revolv acquisition price

$1.6B

Acquired by Zenobe Energy · Mar 2026

Revolv revenue at acquisition

$1.2B

Last twelve months · Mar 2026

Revolv revenue multiple at acquisition

1.3x

EV/Revenue · Mar 2026

Revolv EBITDA multiple at acquisition

17.2x

EV/EBITDA · Mar 2026

Revolv Overview

About Revolv

Revolv is a provider of comprehensive electrification services for commercial fleets throughout North America. Headquartered in Atlanta, Georgia, the company delivers turnkey solutions including vehicle leasing, charging infrastructure deployment, maintenance, and 24/7 operations support. Revolv targets medium- and heavy-duty applications such as delivery trucks, school buses, and transit vehicles from manufacturers like Freightliner and Lion Electric. Its integrated platform manages energy procurement, telematics, and route optimization to lower operating costs and emissions. The company serves clients in logistics, e-commerce, and public sectors, with deployments in states including California, Texas, and New York.


Founded

2019

HQ

United StatesSan Francisco, CA

Website

revolv.us

Status

Acquired

Customer focus

B2B

Revenue model

Services

Revenue

$1.2B (Mar 2026)

Valuation

$1.6B (acquired Mar 2026)

Revolv Acquisition

Revolv was acquired by Zenobe Energy for $1.6B on 18 March 2026.

The acquisition price implies a 1.3x revenue and 17.2x EBITDA multiple on $1.2B of revenue.

Before the acquisition Revolv had raised $15M across 1 funding round.

Revolv acquisition details
AcquirerDateTypePriceEV/RevenueEV/EBITDA
18 Mar 2026Strategic M&A$1.6B1.3x17.2x

Revolv Funding History

Revolv has raised a total of $15M across 1 funding round.

Revolv funding rounds

Revolv funding rounds
DateStageInvestorsRaisedDeal Summary
Mar 2023Series AGreenbacker Group (lead)$15MRevolv is a San Francisco-based full-service provider of electric medium-to-heavy commercial fleets, helping businesses decarbonize fleets with light, medium, and heavy-duty trucks by providing electric vehicles, charging infrastructure, maintenance, optimization, analytics, and insights. The company closed a $15 million Series A funding round led by an affiliated fund of Greenbacker Capital Management to expand operations across North America amid growing demand for decarbonized fleets. Revolv was on track to deliver over 100 vehicles from Class 2 through Class 8 by the end of 2023, with plans to scale to thousands in subsequent years. Greenbacker Capital Management, through its GDEV II fund, made a strategic investment in Revolv in 2022 to support transitioning conventional corporate small and medium-sized fleets to electric. This Series A was followed by a $25 million equity project financing facility in November 2023 from Greenbacker, the first dedicated non-recourse financing for commercial EVs and charging stations in North America, to fund dozens of fleet electrification projects. The transportation sector accounts for nearly 29 percent of U.S. greenhouse gas emissions, driving corporate interest in electrification.

Who has invested in Revolv?

1 investor has backed Revolv across its funding rounds, including Greenbacker Group.

Lead investors include Greenbacker Group.


Revolv Investors

Investors in Revolv by funding rounds participated
InvestorHQRoundsRoleFirst check

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Revolv Competitors

Revolv competitors include listed companies like Ola Electric and Eos Energy Enterprises, and private ones like AIWAYS, Caocao Chuxing, Chunqing Technology and StoreDot.

Public and private companies comparable to Revolv
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AIWAYSChinaShanghaiPrivate--$1.6B-
Ola ElectricIndiaIndiaPublicly listed$215M($97M)$1.7B7.9x
Caocao ChuxingChinaHangzhouPrivate--$1.5B-
Chunqing TechnologyChinaTianjinPrivate--$1.5B-
StoreDotIsraelHerzliyaPrivate--$1.5B-
Eos Energy EnterprisesUnited StatesUnited StatesPublicly listed$114M($930M)$1.4B9.9x

Revolv Public Comps

Revolv is no longer listed, but its public comps include Lucid, Ola Electric, Eos Energy Enterprises, Amprius, WeRide, Fastned, Polestar, T1 Energy, Uniconn and Voyah.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Lucid$1.4B($2.3B)5.5x4.7x(3.2x)(2.6x)
Ola Electric$215M($97M)8.8x7.9x(19.5x)(21.4x)
Eos Energy Enterprises$114M($930M)21.8x9.9x(2.7x)(9.5x)
Amprius$72M($41M)18.4x10.9x(32.1x)854.4x
WeRide$102M($257M)11.4x8.3x(4.5x)(5.0x)
Fastned$160M$17M14.5x11.1x140.0x60.5x
Polestar$3.1B($1.9B)2.2x2.1x(3.4x)(7.9x)
T1 Energy$755M($210M)2.7x2.2x(9.7x)52.8x

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Common questions about Revolv

When was Revolv founded?Revolv was founded in 2019.
Where is Revolv headquartered?Revolv is headquartered in San Francisco, CA, United States.
Is Revolv publicly listed?No, Revolv was acquired by Zenobe Energy in March 2026.
Who acquired Revolv?Revolv was acquired by Zenobe Energy in March 2026.
How much was Revolv acquired for?Revolv was acquired for $1.6B in March 2026, a 1.3x revenue multiple.
How much funding has Revolv raised?Revolv has raised $15M across 1 funding round.
What was Revolv's last funding round?Revolv's last funding round was a $15M Series A in March 2023, led by Greenbacker Group.
Who are Revolv's investors?Revolv's investors include Greenbacker Group.
Which companies are comparable to Revolv?Companies comparable to Revolv include AIWAYS, Ola Electric, Caocao Chuxing, Chunqing Technology, StoreDot and Eos Energy Enterprises.

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