From a factory in Metro Detroit, Roush will set up production of the by-wire vehicles for the American market, aiming for annual capacity of 5,000 units.

With Motherson’s network and free capital raised through a new funding round, REE intends to scale up production of its ‘REEcorner’ electric drive modules and its ‘P7’ battery electric trucks.

Sourcewell is a U.S. government agency which handles procurement on behalf of more than 50,000 participating entities.

REE said it has already begun deliveries of vehicles based on its P7 platform to dealerships in the U.S. and Canada; its order book is currently worth USD50m.

Redesign, reinvent, reimagine: whole new ways of approaching the old problems of engineering and producing a saleable vehicle are encapsulated in two letters, ‘re–’, a tiny prefix which carries a lot of semantic weight. It was while mulling over the possibilities of “redesigning”, “reinventing”, and “reimagining” the traditional business model that co-founder and CEO Daniel Barel came up with the name REE Automotive for his startup firm, originally established in 2011 and now a public company with business premises in Israel, the UK, and the USA.

2,300,000 Class A ordinary shares were sold during the underwritten public offering, which closed on 6 March, at a price of USD6.50 per share.

REE claims the P7-C is the very first vehicle to be certified to Federal Motor Vehicle Safety Standards and Environmental Protection Agency standards to feature steer-by-wire, brake-by-wire, and drive-by-wire technology.

Rose replaces former chairman Arik Steinberg, who is stepping down from REE’s Board of Directors.

The company now aims to acquire certificates from FMVSS, as well as the California Air Resources Board and the Environmental Protection Agency, before the end of the year, making its ‘P7’ vehicles roadworthy and eligible for incentives.

Following its partnership agreement with REE, Knapheide will now be upfitting ‘P7-C’ cab chassis with bodies on a made-to-order basis.

The ‘P7-C’ adds a low, cab-over body to the front of the P7 modular “skateboard”, powered by REE Automotive’s electro-mechanical steering & braking system.

The company said it ended the year with liquidity of USD154m, which it believes will be enough to kickstart production of its ‘P7’ modular electric vehicle platform later this year.