REE Automotive’s order book shows significant growth since summer, now totaling $25 million
As commercial EV startup REE Automotive chases full vehicle certification and first customer deliveries before year’s end, it’s touting some promising interest from fleet operators. Today, REE is reporting a significant increase in orders since August, with an order book now totaling $25 million.
REE Automotive ($REE) develops and manufactures modular battery EV platforms for the commercial segment under a B2B strategy. It’s unique vehicles are that are powered by its proprietary REEcorner technology, which integrates all the traditional drive components (steering, braking, suspension, powertrain, and control) into the arch of each wheel, enabling a by-wire configuration.
The company’s flagship EV platform is the P7 chassis, which was originally topped with a van body developed by EAVX and Morgan Olson, but was followed by REE’s own P7-B box truck, which made its public debut in August of 2022.
Since then, REE has also introduced a stripped chassis version of its platform called the P7-S, supporting Class 3-5 markets as well as the P7-C chassis cab (seen below) which debuted this past May.
While REE has yet to deliver its commercial EVs to customers, it appears poised to do so in order to feed a growing appetite amongst fleets that currently promises millions in binding revenue.
REE expands dealer network to support growing order book
Per news from REE Automotive today, it is expanding its authorized dealership network in North America to include sales partners in Wisconsin, Illinois, and California. REE’s sales network now totals 15 dealers across the US and Canada – all have which have placed binding orders for the P7-C electric truck.
Speaking of orders, REE is reporting its book value has grown my 30% since August, contributing to a total combined value around $25 million. Again, these orders are binding, so REE should be optimistic about its future in the commercial space which is going electric rather quickly compared to other mobility segments.
Like any startup, REE must meet the difficult task of reaching scaled EV production before it can pop any champagne, but relayed it remains on track to hit its target of initial deliveries this year. Another encouraging sign is that REE’s P7 electric truck lineup has already secured EPA certification and confirmed FMVSS certification-feasibility of its x-by-wire system.
Looking ahead, REE Automotive expect to produce up to 300 P7 trucks in 2024. A slow ramp-up sure, but with binding orders already in place and growing, the startup should have some runway to continue to try and scale.
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Environment
This robot loves cleaning pools more than you do! Meet Fanttik Aero X Robotic Pool Cleaner
Warm weather is nearly here, and there’s no better way to get your swimming pool ready than with the Fanttik Aero X Cordless Robotic Pool Cleaner. Developed by a core R&D team with DJI lineage, led by the former product lead of DJI FPV (First-Person View), it brings drone sensor technology to the world of pool-cleaning robotics.
And for a limited time, Fanttik is offering a special discount of $300, which drops the price from $1,199.99 to just $899.99! Plus, you’ll receive a free gift when you purchase through Fanttik’s official website or Amazon store.
Introducing the World’s First S-FSD™ TurboClean Robotic Pool Cleaner
12 S-FSD™Precision Sensors | 6-Hour Working Time | 5,382 sq.ft Cleaning Area | 16,000 mAh | 2-Year Warranty
The Aero X is proudly branded as “The World’s First S-FSD™ TurboClean Robotic Pool Cleaner,” showcasing cutting-edge technology that makes pool maintenance faster and easier than ever.
Intelligent cleaning with S-FSD™ Technology
At the heart of Aero X is Fanttik’s innovative S-FSD™ Technology, boasting 12 sensors (2 water immersion sensors, 2 sonar sensors, 1 gyroscope sensor, 1 accelerometer sensor, 4 power sensors, 2 speed sensors) and powered by AquaPilot™ intelligent path planning. AquaPilot™ provides real-time tracking and coverage, ensuring the robot efficiently cleans every inch of your pool. Its advanced navigation algorithm calculates optimal cleaning routes, thoroughly addressing the floor, walls, and waterline without missing a spot.
Check out the Fanttik Aero X Cordless Robotic Pool Cleaner’s S-FSD™ Technology in action here.
4X cleaning efficiency with TwinFlex™ dual system
TwinFlex™ Dual System = SwiftCruise™ Wheel System + AdapDrive™ Brush System, the Aero X ensures every inch of your pool sparkles.
- SwiftCruise™ Wheel System: With specially designed smaller front wheels and larger rear wheels, Aero X easily maneuvers around pool edges, corners, and tricky areas, adapting smoothly to different pool shapes and surfaces, including concrete, ceramic tiles, vinyl, fiberglass, and more.
- AdapDrive™ Brush System: Its wide 15.7-inch rotating brush (the widest brush in the pool robot, vs. industry standard of 11.8–14.2 inches) dynamically adjusts its rotation speed for superior cleaning of hard-to-reach areas, delivering an impressive cleaning speed. Your pool will be spotless and swim-ready faster than ever.
- Large-Scale Cleaning, Zero Battery Anxiety: Aero X with runtime up to 6 hours, with 16,000mAh, the largest battery capacity in wireless pool-cleaning robots, covering a cleaning area up to 5,382 sq.ft. Equivalent to cleaning 12 medium-sized home pools or 2.5 standard tennis courts in a single full charge.
Smart control at your fingertips
Managing your pool cleaner has never been simpler. Use the Fanttik app to set cleaning modes or control the robot in real time without removing it from the water. Need a quick adjustment? The handheld remote provides precise control, letting you target specific areas effortlessly.
User-friendly design for effortless maintenance
Fanttik’s Aero X isn’t just powerful—it’s incredibly user-friendly. Monitor the filter basket status through the app for optimal performance. When the battery runs low, Aero X intelligently docks itself at the poolside for easy retrieval. Real-time voice prompts make operating the Aero X an intuitive and enjoyable experience.
Ultimately, what Fanttik’s Aero X gives you is much more time for fun. You get more time with family and friends to enjoy the water and relax outdoors. Isn’t that the entire point of having a pool? The Aero X works hard and smart(comes with a 2-year warranty), so you don’t have to.
Award-winning design and trusted partnership
The Aero X is a recipient of the prestigious American Good Design Award, which is recognized for its innovation and excellence.
Fanttik, the official partner of the UFC, Brooklyn Nets, and NASCAR drivers Noah Gragson and Cole Custer, has leveraged years of expertise to perfect this outstanding product.
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This exclusive offer is available on Fanttik’s official website and Amazon store. Act fast to revolutionize your pool maintenance experience this summer!
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Global renewable developer and energy giant RWE has halted its US offshore wind operations “for the time being” because of the “political environment” the Trump administration has created.
RWE, Germany’s biggest electricity producer, said in March that it had dialed back its US offshore wind activities. But now, CEO Marcus Krebber said in a speech transcript, which he’ll deliver at the company’s Annual General Meeting in Essen on April 30, that its US offshore wind business is now closed (but it wasn’t all bad news):
In the US, where we have stopped our offshore activities for the time being, our business in onshore wind, solar energy, and battery storage has so far been developing very dynamically. At the start of this year, we reached an important milestone when our US generation capacity hit the 10 gigawatt mark. The construction of a further 4 gigawatts is secured.
He went on to say that renewables have created regional value and jobs, but that the company remains “cautious given the political developments.” RWE has introduced more stringent requirements for future US investments:
All necessary federal permits must be in place. Tax credits must be safe harbored and all relevant tariff risks mitigated. In addition, onshore wind and solar projects must have secured offtake at the time of the investment decision. Only if these conditions are met will further investments be possible, given the political environment.
About half of RWE’s installed renewable capacity is in the US, where it’s the third-largest renewable energy company through its subsidiary, RWE Clean Energy. RWE holds the rights to develop US offshore wind projects in New York, Louisiana, and California.
RWE paid $1.1 billion for the New York lease area in 2022, where it’s meant to develop the 3 gigawatt (GW) Community Offshore Wind with the UK’s National Grid. Community Offshore Wind was projected to come online in the early 2030s and expected to power more than a million homes.
The developer paid $5.6 billion for the Louisiana lease in the Gulf of Mexico in 2023 as the lone bidder for development rights, and the Canopy Offshore Wind project off Northern California was not expected to be completed for another decade.
Read more: Trump admin halts $5 billion NY offshore wind project mid-build
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