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Israeli startup ree automotive signs major licensing deal for self-driving vehicles

Israeli automotive startup Ree Automotive has announced a preliminary licensing agreement that could yield up to $770 million by 2030 with an undisclosed mobility solutions company. The deal involves licensing Ree's platform for self-driving passenger vehicles, with production slated to begin in 2027. This agreement is expected to significantly increase Ree's order backlog and enhance profitability through a focus on software and services rather than traditional manufacturing.
Tech in Asia
United States Dollar U-Haul Holding Co Airbus SE ISR Daniel Barel
Business & Industry, Press Release
06:30 19.03.2025
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