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REE Automotive

Electric vehiclesIsrael
New to Unitard
πŸ“‰ Public < $1B
PeakΒ $3.1 BillionRecorded estimate
~-99%
from peak
  1. πŸ¦„
    Became a unicorn
    2021
  2. πŸ“ˆ
    Peak valuation
    $3.1 Billion ’21
  3. πŸ’”
    Became a Unitard
    2022
  4. πŸ’Έ
    Last valuation estimate
    ~$31M
Current status
Listed on Nasdaq (REE); facing minimum-bid-price delisting and weighing a reverse split

The rise & fall

5 moments Β· 2021–2025

The key moments.

Feb 2021
The peak: a $3.1B SPAC debut$3.1B
The Israeli maker of the 'REEcorner' β€” steering, braking, suspension and drive packed into the wheel corners for a flat EV skateboard chassis β€” merges with 10X Capital onto the Nasdaq at a ~$3.1B enterprise value, riding the EV-SPAC wave.
BusinessWire
2022
Slips out of the club
Almost no revenue and heavy cash burn on development; the EV-SPAC trade unwinds and the shares begin a slide of more than 99%.
Macrotrends
2025
A ~$20M market cap and a delisting clock
Sub-$1 shares put REE on Nasdaq minimum-bid-price notice; it weighs a reverse split to keep the listing, about 99% below the SPAC-day value.
Nasdaq

How it happened

REE Automotive is an Israeli electric-vehicle technology company built around a modular 'REEcorner' design that packs steering, braking, suspension and drive into the wheel corners, enabling flat, software-controlled EV skateboard chassis for commercial vehicles.

It went public on the Nasdaq in February 2021 via a SPAC merger with 10X Capital at an enterprise value of about $3.1B, riding the EV-SPAC boom. But it generated almost no revenue while burning cash on development, and its shares collapsed more than 99%; by late 2025 the company was worth around $20M and facing delisting from the Nasdaq over its sub-$1 share price.

Source: BusinessWire / Macrotrends / Nasdaq (Israeli EV-platform startup behind the modular 'REEcorner' skateboard chassis; Feb 2021 SPAC merger with 10X Capital at a ~$3.1B enterprise value; minimal revenue and heavy cash burn; market cap ~$20M by late 2025, facing Nasdaq delisting)

Founders

  • Daniel Barel
    Co-Founder & CEO
    Still there β€” Co-Founder & CEOLinkedIn β†—
  • Ahishay Sardes
    co-founder & CTO
    Still there β€” CTO & Co-FounderLinkedIn β†—
  • Gilad Wolf
    co-founder (SoftWheel, 2011)
    No public profile matched

Current roles as self-reported on LinkedIn, retrieved 2026-08-19. See our methodology.

More from the club

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Evergrande NEV$11BNeta Auto$6BWM Motor$5.7BSingulato$2.4BEnovate Motors$1.85B
Same fate Β· public market decline
Agora$5.01BJumia$5BMicrovast$3BUcommune$3BUxin$2.83B
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