REE Automotive

Flat and Modular Chassis for Electric Vehicles

Automotive & Mobility Technologies
Public on NYSE on Jul, 2021
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Company Overview

Snapshot

Founded in January 2011 by Daniel Barel and Ahishay Sardes, REE Automotive operates with 201–500 employees. The company has raised a total of $405 million across 7 funding rounds and went public on the NYSE in July 2021. In September 2024, REE Automotive secured a key supply deal with.

Business overview

REE Automotive specializes in advanced automotive technologies, focusing on electric (EV) and autonomous vehicles (AV) across vehicle classes 1 through 6. Its core innovation, the REEcorner, integrates essential vehicle components like steering, braking, suspension, powertrain, and control into a single module. This design enables exceptionally flat EV platforms, maximizing space for passengers, cargo, and batteries while utilizing x-by-wire technology for enhanced vehicle control. REE's platforms offer auto-manufacturers, OEMs, and mobility service providers the flexibility to design EVs and AVs tailored to specific operational needs, facilitating quicker market entry, lower total cost of ownership, and adherence to zero-carbon regulatory requirements within the Automotive & Mobility Technologies sector.

Strategic signal

In September 2024, REE Automotive announced a global manufacturing agreement with. This partnership signals strong validation of REE's technology and manufacturing strategy, indicating a significant step towards scaling production and expanding its market reach, particularly in the critical automotive supply chain.

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Company Intelligence Q&A

What was a significant recent financial development for REE Automotive?
In September 2024, REE Automotive raised $45.35 million in a registered direct offering, with a strategic investment from.
When did REE Automotive go public?
REE Automotive went public on the NYSE in July 2021 through a SPAC merger.
What is the status of REE Automotive's EPA certification?
In October 2023, REE Automotive obtained EPA certification for its P7 Electric Truck Lineup.
What is the current order book value for REE Automotive?
In October 2023, REE Automotive's initial order book value grew to approximately $25 million, representing a 30% increase since the end of August 2023.
Has REE Automotive received any recent industry recognition?
In November 2024, REE Automotive was named a CES 2025 Innovation Award Honoree for its Software-Defined Vehicle Technology.
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