Electric moped company Revel raised $126 million led by BlackRock

Revel, a New York-based company best known for its rentable, bright blue electric mopeds, has raised $126 million in Series B funding led by Blackrock.

Why it matters: Investors are betting that Revel can build a successful business where others haven't done so well, or have taken a drastically different approach — namely operating mopeds at scale, and a ride-hailing service that employs its drivers. Oh, and it's also running electric car charging stations.