Tel Aviv-based REE Automotive has been awarded £12.5 million funding from the UK government’s Advanced Propulsion Centre (APC). REE’s award is one of four recently announced as part of the UK’s investment into net-zero road transport.
The funds will allow REE to work towards commercial production of its breakthrough REEcorner technology and ultra-modular electric vehicle platforms, including engineering design, validation, verification and testing and product homologation.
REEcorner technology puts critical vehicle components such as steering, braking, suspension, powertrain and control, into a single compact module in the arch of the wheel.
REE’s EV platforms provide more room for carrying passengers, cargo and batteries and offer enhanced body design flexibility.
Ian Constance, Chief Executive at the APC said of the latest funding awards, “These projects address barriers to people making the switch to electric vehicles and they also provide potential solutions to the challenge of how we decarbonise public transport and the movement of goods. By investing in these innovations, we’re taking these technologies closer to the point where they are commercially viable, which will strengthen the UK’s automotive supply chain, safeguard or create jobs and reduce harmful greenhouse emissions.”
Mike Charlton, REE’s COO added, “REE is honoured to have been selected as recipient of UK funding to support REE’s investment in the UK automotive ecosystem following an extensive vetting and selection process. With the opening of our UK Engineering Centre in February this year, this reaffirms our commitment to the region and is in line with our plans for the mass production of our breakthrough REEcorner and electric vehicle platform technology. The UK is an ideal location for a pioneering automotive company like REE thanks to the country’s commitment to vehicle electrification which dovetails with our vision of propelling a zero-emissions, greener future.”