REE Automotive

REE Automotive is an innovative company that specializes in automotive technology, aiming to facilitate the production of electric or autonomous vehicles across various classes and applications. One of its standout products is the REEcorner™, a compact module integrating essential vehicle components, enabling the creation of exceptionally flat EV platforms with increased space for passengers, cargo, and batteries. The company's use of x-by-wire technology allows for precise control over vehicle corners, offering significant design freedom for auto-manufacturers, OEMs, and other mobility players to tailor vehicles to their specific needs, and comply with zero-carbon regulations.

Headquartered in Israel, the company has an Engineering Center in the UK and subsidiaries in Japan, Germany, and plans for a U.S. headquarters and Integration Center in Austin, Texas. With a unique CapEx-light manufacturing model that leverages partnerships with industry leaders such as Hino Motors, Magna International, and others, REE is poised to revolutionize the e-Mobility sector.

Last recorded, M&G Investments contributed a $14.95M post-IPO equity investment in 01 March 2024, indicating continued confidence and support for the company's vision and potential. For more details, visit their website at https://www.ree.auto.