Israeli EV startup using in-wheel motors hits $580 million valuation

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The simplicity of packing motors directly is sexy. The chances for this particular solution back a century to the earliest EVs. Technical and financial challenges have held it backagain. (See unsprung mass.) However, pace is being picked up by the company to tackle the dilemma. Haaretz reported now that Israel’s REE, an EV startup, is now raising money based on a 580 million evaluation.

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The article Israeli EV startup using in-wheel motors hits $580 million evaluation appeared first on Electrek.

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