About REE
REE is a company based in Tel Aviv (Israel) founded in 2011 by Ahishay Sardes and Daniel Barel. REE has raised $20.7 million across 5 funding rounds from investors including BNEF, Gov.uk and Motherson. The company has 211 employees as of December 31, 2024. REE offers products and services including P7-C Chassis Cab, P7-S Stripped Chassis, and REECorner. REE operates in a competitive market with competitors including Canoo, Kandi Technologies, Next future transportation, Ronn Motor Group and Open Motors, among others.
- Headquarter Tel Aviv, Israel
- Employees 211 as on 31 Dec, 2024
- Founders Ahishay Sardes, Daniel Barel
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Ree Automotive Ltd.
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Annual Revenue
$183 K (USD)-88.62as on Dec 31, 2024
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Net Profit
-$111.75 M (USD)2.15as on Dec 31, 2024
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EBITDA
-$75.56 M (USD)33.77as on Dec 31, 2024
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Total Equity Funding
$20.7 M (USD)
in 5 rounds
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Latest Funding Round
$45.35 M (USD), Post-IPO
Sep 16, 2024
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Investors
BNEF
& 4 more
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Employee Count
211
as on Dec 31, 2024
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IPO & Listings of REE
REE is a publicly listed company on the NASDAQ with ticker symbol REE in USA, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of REE
REE offers a comprehensive portfolio of products and services, including P7-C Chassis Cab, P7-S Stripped Chassis, and REECorner.
Software-defined electric chassis for commercial fleet applications
Modular stripped chassis with advanced EV technology
Innovative corner module enabling flat modular chassis designs
People of REE
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Funding Insights of REE
REE has successfully raised a total of $20.7M across 5 strategic funding rounds. The most recent funding activity was a Post-IPO round of $45.35 million completed in September 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in REE
REE has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include BNEF, Gov.uk and Motherson.
| Investor | Description | Founded Year | Domain | Location |
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Diversified asset management firm and private fund focused on debt and equity investments in climate startups, real estate, and multiple sectors
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Electrical distribution systems and wiring harnesses for automobiles are manufactured.
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Online government services and information are provided to users.
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Investor details for REE
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Investments & Acquisitions by REE
Investment portfolio details for REE
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Financial Statements - REE
Detailed financials for REE
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Ree Comparisons
Peer comparison for REE
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Competitors of REE
REE operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Canoo, Kandi Technologies, Next future transportation, Ronn Motor Group and Open Motors, among others.
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Multiple categories of electric vehicles are designed and developed.
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Multi-category electric vehicles are developed by Kandi Technologies.
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Modular self-driving pod transportation systems are developed for smart mobility.
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Hydrogen fuel cell electric vehicles are developed for mobility solutions.
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AI-enabled autonomous electric vehicles and battery swapping solutions are developed.
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Detailed competitors of REE
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Latest news on Ree
Complete news archive for REE
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Frequently Asked Questions about REE
REE was founded in 2011 and raised its 1st funding round 8 years after it was founded.
REE is headquartered in Tel Aviv, Israel.
Daniel Barel is the current CEO of REE. They have also founded this company.
REE is a funded company, having raised a total of $20.7M across 5 funding rounds to date.
As of Dec 31, 2024, the latest employee count at REE is 211.
Annual revenue of REE is $183K as on Dec 31, 2024.
REE was founded in 2011 in Tel Aviv, Israel, within the electric vehicle sector. Modular and scalable chassis are designed and produced for commercial fleet applications. x-by-wire technology is integrated to enable independent wheel control, while battery placement is optimized to maximize cargo and passenger space. Advanced manufacturing processes are employed to assemble innovative corner modules, supporting various operational needs.
REE's top competitors include Canoo, Kandi Technologies and Ronn Motor Group.
REE offers P7-C Chassis Cab, P7-S Stripped Chassis, and REECorner.
Yes, REE is publicly traded on NASDAQ under the ticker symbol REE.
The ticker symbol of REE is REE on NASDAQ.
The valuation of REE is $700M as of Dec 2019.