Ree Automotive
REE Automotive is an electric platform leader reinventing e-mobility.
Launch date
Employees
Market cap
€29.2m
Enterprise valuation
(€6m) (Public information from Sep 2024)
Share price
$6.18 REE
Company register number 13039453
Tel Aviv-Yafo Tel Aviv District (HQ & founding location)
Financials
Estimates*
| USD | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Revenues | <1m | <1m | <1m | - | 1.6m |
| % growth | - | (43 %) | (98 %) | - | - |
| EBITDA | (13.9m) | (67.9m) | (526m) | (143m) | (114m) |
| % EBITDA margin | (2047 %) | (17501 %) | (8767267 %) | - | (7086 %) |
| Profit | (12.2m) | (67.7m) | (505m) | (107m) | (114m) |
| % profit margin | (1791 %) | (17452 %) | (8422167 %) | - | (7102 %) |
| R&D budget | 7.0m | 29.6m | 252m | 78.2m | 82.7m |
| R&D % of revenue | 1033 % | 7626 % | 4207067 % | - | 5141 % |
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
N/A | Late VC | ||
* | N/A | Support Program | |
* | $201m Valuation: $3.6b 9278.4x EV/LTM Revenues -53.0x EV/LTM EBITDA | SPAC IPO | |
* | $300m Valuation: $3.6b 9278.4x EV/LTM Revenues -53.0x EV/LTM EBITDA | SPAC Private Placement | |
$17.0m | Grant | ||
* | $15.0m | Post IPO Equity | |
* | $45.0m | - | |
| Total Funding | €329m | ||