💨 Abstract

Israeli startup REE Automotive expects up to $770 million in revenue by 2030 from a licensing deal with an undisclosed company for autonomous vehicle technology. The Israel-based company, which has signed a preliminary deal with the unnamed company, has focused on licensing technology instead of costly manufacturing investments. The deal aims to make the startup profitable as volume increases.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖