REE Automotive raises USD36.4m in investment capital
By Bradley Osborne - 23rd April 2025
Israel – In March, REE Automotive Ltd, a manufacturer of electric vehicle platforms in the medium-duty segment based in Herzliya, Israel, successfully raised USD36.4m from offering its shares to a group of strategic investors, which “strengthens [the company’s] cash position ahead of planned vehicle deliveries”.
Earlier in the month, REE announced that it entered into securities purchase agreements with several new and longstanding institutional investors for a total of 6,376,631 ordinary shares, valued at $4.25 per share. These included London-based M&G Investments and Varana Capital, an asset management firm with addresses in Denver, Colorado and Tel Aviv. A total of approximately USD27m was raised by 19 March.
