REE Automotive went public via a SPAC merger with 10X Capital Venture Acquisition in a $3.1bn deal.

REE Automotive, an electric platform firm reinventing e-mobility, went public via a SPAC merger with 10X Capital Venture Acquisition, a special purpose acquisition company, in a $3.1bn deal. "We believe that our REEcorner™ technology and fully-flat and modular EV platforms will be the cornerstone for the booming commercial electric vehicle market, as we partner with prominent EV market players across the globe. We are rethinking design and manufacturing for tomorrow’s zero-emission electric and autonomous vehicles, ultimately working to improve quality of life for people around the world by advancing e-Mobility. Our solutions will allow complete EV design freedom, and we plan to enable end customers, such as delivery & logistic companies, OEMs, Mobility-as-a-Service and e-commerce companies to design mission-specific EVs tailored to their needs,” Daniel Barel, REE Automotive Co-Founder and CEO.