Tagged: funding

REE Automotive Awarded $17 USD Million Funding from the UK

  • Funding will allow REE to advance commercial production of its breakthrough REEcorner™ technology and ultra-modular EV platforms
  • Project to help accelerate industry shift towards net zero-emissions with REE’s technology designed to support extensive range of electric vehicles

TEL AVIV, Israel, Aug. 19, 2021 (GLOBE NEWSWIRE) — REE Automotive Ltd. (NASDAQ: “REE”), an innovator in e-mobility which recently started to trade on Nasdaq, today announced that its REEcorner™ technology was awarded $17 million USD funding from the UK government as part of a $57 USD million investment, coordinated through the Advanced Propulsion Centre (APC). The investment is in line with the

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Saudi car subscription app invygo gets a $1.9m pre-Series A funding booster

Stock - Car Subscription
Own, rent or subscribe? invygo wants Gulf consumers to think car subscriptions.
Image Credit: Shutterstock

Dubai: The car subscription portal invygo has signed up a further $1.9 million in Pre-Series A funding, as the Middle East’s mobility market keeps attracting a lot of investor interest.

The latest round had Signal Peak Ventures, JS Group, Wealth Well join invygo’s investor base, as well as the family offices of Saudi Arabia’s Dr. Faisal Al Kadi, Khalid AlKhudairi, Ahmed Alola. An existing investor, Knollwood, again participated in this round.

invygo allows users to ‘subscribe’ for their vehicle needs on a monthly basis, which

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Invygo raises $1.9m pre-series A funding – News

Pre-series A round welcomes participation from SPV, Knollwood, JS Group, and Saudi Arabia based family offices

invygo, the Middle East’s car subscription services, has raised $1.9 million (SAR 7.12 million) from new and existing investors. The pre-Series A round included participation from Signal Peak Ventures, JS Group, Wealth Well and once again from Knollwood Investment Advisory. This round also had participation from Saudi Arabia’s Dr. Faisal Al Kadi, Khalid AlKhudairi, Ahmed Alola and other leading family offices in the Kingdom.

Founded in 2018, invygo pioneered the Middle East’s car subscription ecosystem, transforming consumers’ automotive experiences. Providing consumers with

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