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REE Automotive and Hino Motors announce strategic alliance to develop commercial electric vehicles
Last Mile Delivery Automation
Apr 28, 2021
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CareHarmony raises USD 15 million in Series A funding
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Thoma Bravo reportedly in early stage talks to acquire cybersecurity firm Darktrace
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BankiFi raises GBP 4 million in funding
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AEye Q2 2022 update: Revenue down 6.2% YoY amid declines in prototype sales and development contracts
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Last Mile Delivery Automation

Last Mile Delivery Automation

Apr 28, 2021

REE Automotive and Hino Motors announce strategic alliance to develop commercial electric vehicles

  • REE Automotive, an Israel-based provider of customizable four-wheel self-driving chassis platforms, announced a strategic alliance with Hino Motors (Hino), a subsidiary of Toyota that manufactures commercial vehicles and diesel engines, to jointly develop electric mobility solutions integrating REE Automotive’s technology.

  • The two companies aim to develop a detachable and customizable modular platform to carry cargo and passengers. The solution would have a low-floor, full-flat design and support autonomous driving. The hardware prototype is set to be developed by 2022.

  • The news comes just one week after the company announced a partnership with Navya, a France-based self-driving tech developer, to integrate its REEcorner technology platform with Navya’s self-driving solutions. Also, earlier this month, the company announced a similar partnership with Magna International, a mobility technology company, to build Modular Electric Vehicles (MEVs) under the “Powered by REE” brand.

  • REE Automotive’s REEcorner technology platform integrates all drive components into the arch of the wheel and the flat, modular chassis, which can be used as a battery or fuel a cell-powered vehicle. Its technology can be used in autonomous or electric delivery trucks, shuttles, and robotaxis. The platform enables the design of autonomous vehicles for a broad range of purposes, including last-mile delivery, Mobility-as-a-Service, mid-mile delivery, and medium-duty delivery, among others.

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