First Federal Motor Vehicle Safety Standard Certification
REE Automotive received the first FMVSS certification for a full-by-wire vehicle in the U.S., marking a significant milestone in the industry.
Successful Collaboration with Airbus
Airbus, in collaboration with REE, completed the first autonomous drive on an active runway using REE's SDV technology.
Launch of REEai Cloud
REE Automotive launched REEai Cloud in collaboration with Geotab, introducing vehicle services and advanced data analytics.
Improved Financial Position
Liquidity improved to $72 million at the end of 2024 due to successful securities offerings, raising approximately $60 million in gross proceeds.
Reduction in Non-GAAP Net Loss
The non-GAAP net loss improved to $70.3 million from $98.3 million in 2023, driven by reductions in engineering, R&D expenses, and operational efficiencies.