The $3.1bn reverse merger announced earlier this month is set to raise $500m for development. The company says it has pipeline of $5bn of orders to 2026 for the skateboard platform.
“A key driver in our decision to establish our presence in the UK is the UK government’s forward-thinking vision and zero-emissions policy that perfectly aligns with REE’s goal of heralding a more sustainable, greener future for our generation and those to come,” said Mike Charlton, REE’s COO, who is responsible for the launch.
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