Another day, another SPAC.
But this is one I was excited to see. I met REE Automotive at this year’s CES, and had the chance to talk with some of their executives. They build a flat, modular EV platform with all of the drive-by-wire, brake-by-wire and steer-by-wire technology in each wheel. This should, in theory, make servicing the vehicle quicker and less expensive.
REE highlights a number of trends in the mobility space: electric, Mobility-as-a-Service (Maas), mission-specific vehicles. It will be interesting to see how these trends evolve.