REE Automotive

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. A significant development occurred in September 2024, when REE Automotive announced a global manufacturing agreement with Motherson Group, which also made a strategic investment.

Business overview

REE Automotive specializes in advanced automotive technologies for electric (EV) and autonomous vehicles (AV), spanning vehicle classes 1 through 6. Its core innovation, the REEcorner, integrates essential vehicle components such as steering, braking, suspension, powertrain, and control into a single module. This design enables the creation of flat EV platforms, optimizing space for passengers, cargo, and batteries, and utilizes x-by-wire technology for enhanced vehicle control. REE's platforms provide auto-manufacturers, OEMs, and mobility service providers with flexible solutions for designing EVs and AVs tailored to specific operational needs, aiming for quicker market entry, lower total cost of ownership, and adherence to zero-carbon regulations. The company operates within the Automotive & Mobility Technologies sector.

Strategic signal

In September 2024, REE Automotive announced a global manufacturing agreement with. This partnership is significant as it validates REE's technology through a major automotive supplier and provides capital for scaling production, signaling strong commercial traction and investor confidence in its modular EV platform strategy.

Company Intelligence Q&A

What was a key strategic partnership announced by REE Automotive in September 2024?

In September 2024, REE Automotive announced a global manufacturing agreement with Motherson Group, which also made a strategic investment of $45.35 million in a registered direct offering.

When did REE Automotive confirm the feasibility of FMVSS certification for its X-by-Wire systems?

REE Automotive confirmed the FMVSS certification feasibility of its X-by-Wire systems in September 2023, ahead of its Q4 2023 vehicle certification.

What was REE Automotive's initial order book value in October 2023?

In October 2023, REE Automotive's initial order book value jumped to approximately $40 million.

When did REE Automotive obtain EPA certification for its P7 Electric Truck Lineup?

REE Automotive obtained EPA certification for its P7 Electric Truck Lineup in October 2023.

What recognition did REE Automotive receive in November 2024?

In November 2024, REE Automotive was named a CES 2025 Innovation Award Honoree for its Software-Defined Vehicle Technology.