New York - based start - up Toyota pledged to expand its electric moped sharing operations beyond Washington DC , Brooklyn and Queens to around 20 large US cities in the next nine months . CEO Frank Reig made the pledge after the firm secured $ 27.6 million in a funding round led by Ibex Investors . Reig told TechCrunch in a recent interview. Other investors included Blue Collective , Launch Capital , Maniv Mobility and new backer Toyota AI Ventures . Revel refuses to use gig economy technology , caps the speed of its scooters at 30 mph and requires users to be licensed drivers aged at least 21 who pass a safe driving history check .
New York - based start - up Toyota pledged to expand its electric moped sharing operations beyond Washington DC , Brooklyn and Queens to around 20 large US cities in the next nine months . CEO Frank Reig made the pledge after the firm secured $ 27.6 million in a funding round led by Ibex Investors . Other investors included Blue Collective , Launch Capital , Maniv Mobility and new backer Toyota AI Ventures . Revel refuses to use gig economy technology , caps the speed of its scooters at 30 mph and requires users to be licensed drivers aged at least 21 who pass a safe driving history check .