REE Automotive Collaborates with Geotab to Provide Advanced Data Analytics to Fleets
REE Automotive (Nasdaq: REE) has announced a strategic collaboration with Geotab, a leading global telematics provider, to enhance fleet management capabilities for North American customers. The partnership integrates REEai Cloud with Geotab's network, allowing fleet operators to monitor REE's software-defined vehicles (SDVs) alongside other vehicles through Geotab's GO platform.
Through this integration, fleet operators will receive enhanced real-time data analytics and actionable insights to optimize fleet performance and reduce total cost of ownership. The collaboration leverages Geotab's expertise in capturing near real-time data through its plug-and-play platform, which processes essential metrics like speed and range.
The partnership aims to provide fleet operators with improved vehicle performance monitoring, seamless software updates, and advanced customization options. The integration is designed to work with existing fleet systems, offering in-depth analysis without adding complexity.
REE Automotive (Nasdaq: REE) ha annunciato una collaborazione strategica con Geotab, un fornitore globale leader nel settore della telematica, per migliorare le capacità di gestione della flotta per i clienti nordamericani. La partnership integra il REEai Cloud con la rete di Geotab, consentendo agli operatori di flotta di monitorare i veicoli definiti da software (SDV) di REE insieme ad altri veicoli tramite la piattaforma GO di Geotab.
Attraverso questa integrazione, gli operatori di flotta riceveranno analisi dei dati in tempo reale migliorate e informazioni utili per ottimizzare le prestazioni della flotta e ridurre il costo totale di possesso. La collaborazione sfrutta l'esperienza di Geotab nella cattura di dati quasi in tempo reale attraverso la sua piattaforma plug-and-play, che elabora metriche essenziali come la velocità e l'autonomia.
La partnership mira a fornire agli operatori di flotta un monitoraggio migliorato delle prestazioni dei veicoli, aggiornamenti software senza soluzione di continuità e opzioni di personalizzazione avanzate. L'integrazione è progettata per funzionare con i sistemi di flotta esistenti, offrendo un'analisi approfondita senza aggiungere complessità.
REE Automotive (Nasdaq: REE) ha anunciado una colaboración estratégica con Geotab, un proveedor líder global en telemática, para mejorar las capacidades de gestión de flotas para los clientes en América del Norte. La asociación integra REEai Cloud con la red de Geotab, permitiendo a los operadores de flota monitorear los vehículos definidos por software (SDV) de REE junto a otros vehículos a través de la plataforma GO de Geotab.
A través de esta integración, los operadores de flota recibirán análisis de datos en tiempo real mejorados e información útil para optimizar el rendimiento de la flota y reducir el costo total de propiedad. La colaboración aprovecha la experiencia de Geotab en la captura de datos casi en tiempo real a través de su plataforma plug-and-play, que procesa métricas esenciales como la velocidad y el alcance.
La asociación tiene como objetivo proporcionar a los operadores de flota un monitoreo mejorado del rendimiento de los vehículos, actualizaciones de software sin interrupciones y opciones de personalización avanzadas. La integración está diseñada para trabajar con los sistemas de flota existentes, ofreciendo un análisis profundo sin añadir complejidad.
REE Automotive (Nasdaq: REE)는 북미 고객을 위한 차량 관리 기능을 향상시키기 위해 글로벌 텔레매틱스 제공업체인 Geotab와 전략적 협력 관계를 발표했습니다. 이 파트너십은 REEai Cloud와 Geotab의 네트워크를 통합하여 플릿 운영자가 Geotab의 GO 플랫폼을 통해 REE의 소프트웨어 정의 차량(SDV)과 다른 차량을 모니터링할 수 있게 합니다.
이 통합을 통해 플릿 운영자는 실시간 데이터 분석과 실행 가능한 인사이트를 강화하여 차량 성능을 최적화하고 총 소유 비용을 줄일 수 있습니다. 이 협력은 Geotab의 플러그 앤 플레이 플랫폼을 통해 거의 실시간으로 데이터를 캡처하는 전문성을 활용하여 속도 및 범위와 같은 필수 메트릭을 처리합니다.
파트너십은 플릿 운영자에게 향상된 차량 성능 모니터링, 원활한 소프트웨어 업데이트 및 고급 사용자 정의 옵션을 제공하는 것을 목표로 합니다. 이 통합은 기존 플릿 시스템과 함께 작동하도록 설계되어 복잡성을 추가하지 않으면서 심층 분석을 제공합니다.
REE Automotive (Nasdaq: REE) a annoncé une collaboration stratégique avec Geotab, un fournisseur mondial de télématique de premier plan, pour améliorer les capacités de gestion de flotte pour les clients nord-américains. Le partenariat intègre le REEai Cloud au réseau de Geotab, permettant aux opérateurs de flotte de surveiller les véhicules définis par logiciel (SDV) de REE aux côtés d'autres véhicules via la plateforme GO de Geotab.
Grâce à cette intégration, les opérateurs de flotte recevront des analyses de données en temps réel améliorées et des informations exploitables pour optimiser les performances de la flotte et réduire le coût total de possession. La collaboration tire parti de l'expertise de Geotab dans la capture de données quasi en temps réel via sa plateforme plug-and-play, qui traite des métriques essentielles telles que la vitesse et l'autonomie.
Le partenariat vise à fournir aux opérateurs de flotte un suivi amélioré des performances des véhicules, des mises à jour logicielles sans interruption et des options de personnalisation avancées. L'intégration est conçue pour fonctionner avec les systèmes de flotte existants, offrant une analyse approfondie sans ajouter de complexité.
REE Automotive (Nasdaq: REE) hat eine strategische Zusammenarbeit mit Geotab, einem führenden globalen Telematikanbieter, angekündigt, um die Flottenmanagementfähigkeiten für nordamerikanische Kunden zu verbessern. Die Partnerschaft integriert die REEai Cloud mit dem Netzwerk von Geotab, sodass Flottenbetreiber die softwaredefinierten Fahrzeuge (SDVs) von REE neben anderen Fahrzeugen über die GO-Plattform von Geotab überwachen können.
Durch diese Integration erhalten Flottenbetreiber verbesserte Echtzeitdatenanalysen und umsetzbare Einblicke, um die Flottenleistung zu optimieren und die Gesamtkosten des Eigentums zu senken. Die Zusammenarbeit nutzt die Expertise von Geotab in der Erfassung von nahezu Echtzeitdaten über seine Plug-and-Play-Plattform, die essentielle Kennzahlen wie Geschwindigkeit und Reichweite verarbeitet.
Die Partnerschaft zielt darauf ab, Flottenbetreibern ein verbessertes Monitoring der Fahrzeugleistung, nahtlose Software-Updates und erweiterte Anpassungsoptionen zu bieten. Die Integration ist so konzipiert, dass sie mit bestehenden Flottensystemen funktioniert und eine tiefgehende Analyse bietet, ohne die Komplexität zu erhöhen.
- Strategic partnership with Geotab, the world's #1 commercial telematics provider
- Enhanced real-time data analytics capabilities for fleet optimization
- Seamless integration with existing fleet management systems
- Expanded market reach in North American fleet sector
- None.
Insights
The strategic partnership between REE Automotive and Geotab marks a significant advancement in commercial fleet management technology, combining REE's innovative software-defined vehicles with Geotab's market-leading telematics platform. This integration addresses a critical market need for comprehensive fleet management solutions in the rapidly growing electric commercial vehicle sector.
The collaboration offers several compelling advantages:
- Enhanced data analytics through the integration of REEai Cloud with Geotab's GO platform, providing fleet operators with deeper insights into vehicle performance and maintenance needs
- Streamlined operational efficiency through real-time monitoring and predictive maintenance capabilities
- Reduced total cost of ownership (TCO) through data-driven optimization and proactive maintenance scheduling
- Seamless integration with existing fleet management systems, lowering the barrier to adoption for potential customers
This partnership strategically positions REE in the North American market by leveraging Geotab's established presence as the world's leading commercial telematics provider. The integration capability demonstrates REE's commitment to providing comprehensive solutions beyond just vehicle manufacturing, potentially accelerating market adoption of their electric commercial vehicles.
The collaboration's focus on data analytics and TCO reduction addresses key concerns of fleet operators transitioning to electric vehicles. By providing enhanced visibility into vehicle performance and operational metrics, the partnership helps mitigate adoption risks and provides a clear path to operational optimization. This could significantly influence purchase decisions for fleet operators evaluating electric vehicle options.
- REE’s software defined vehicles (“SDV”) deliver more real-time data than traditional commercial solutions
- Geotab to gain access to REEai Cloud for advanced data analytics aimed to reduce total cost of ownership (“TCO”) for expanding North American fleet
- Geotab fleet management solution enables fleets to monitor REE’s SDVs and other vehicles seamlessly, while significantly enhancing the cache of data quality and volume
TEL AVIV, Israel, Feb. 20, 2025 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced a collaboration with Geotab, a global leader in telematics and fleet management solutions. Through this collaboration, North American fleets purchasing REE’s SDV trucks will have access to Geotab’s data-driven intelligence that gives fleet operators actionable insights to help optimize fleet performance. The integration of REEai Cloud to the Geotab network enables fleets to monitor REE’s SDVs and other vehicles seamlessly, while significantly enhancing the cache of data quality and volume. This collaboration provides added visibility, strengthening the Geotab offering and streamlines the process for fleets to incorporate REE’s SDVs into their existing operations.
Geotab is the world's #1 commercial telematics provider, long recognized for its expertise in capturing essential, near real-time data through its compact, plug-and-play GO platform, which provides fleet operators with GPS data and telematics data driven insights. Through this compact device, Geotab processes essential fleet data such as speed, range, and other metrics, sending it directly to the cloud to support fleet optimization. With REE’s integration of data, fleets benefit from improved, near real-time actionable insights on both vehicle performance and condition, enabling seamless software updates and facilitating advanced customization options.
“We are always listening to our customers, and this collaboration exemplifies how we deliver beyond their expectations,” said Tali Miller, Chief Business Officer of REE. “By integrating Geotab’s industry-leading telematics with data generated from REEai Cloud, we’re equipping our fleet operators with the information they need in real time to enable smarter, data-driven decisions that maximize uptime and reduce costs. We’re providing a full-package solution that helps fleets easily transition for the future.”
REE and Geotab’s collaboration is aimed to provide a solution that meets the needs of modern fleet operators and benefits all stakeholders. REE’s sharing of real-time data with Geotab’s platform aims to allow fleet operators to view, analyze and act upon these insights both via the GO device and server-to-server connectivity. The integration aligns with fleet operators' existing systems, enabling customers to gain in-depth analysis of vehicle efficiency without additional complexity.
“At Geotab, our priority is helping customers unlock the full potential of their data to make informed, strategic decisions to run their business. By providing Geotab telematics to REE’s vehicle platform, we’re providing our mutual fleet customers with a seamless way to access and act on critical information. It’s about making data work smarter—helping fleet operators enhance efficiency, reduce costs, and stay ahead in an evolving industry,” said Rob Minton, Associate Vice President of Connected Car at Geotab.
As fleet demands evolve, REE and Geotab’s combined expertise will continue to expand the possibilities of data-driven management. Customers can expect an increasingly powerful set of tools to manage their fleets, from simple data monitoring to advanced diagnostics and proactive maintenance solutions.
To learn more about REE’s patented technology enabling the company to break new ground in e-mobility, visit www.ree.auto.
About REE Automotive
REE Automotive (Nasdaq: REE) is an automotive technology company that allows companies to build electric vehicles of various shapes and sizes on their modular platforms. With complete design freedom, vehicles Powered by REE® are equipped with the revolutionary REEcorner®, which packs critical vehicle components (steering, braking, suspension, powertrain and control) into a single compact module positioned between the chassis and the wheel. As the first company to FMVSS certify a full by-wire vehicle in the U.S., REE’s proprietary by-wire technology for drive, steer and brake control eliminates the need for mechanical connection. Using four identical REEcorners® enables REE to make the industry’s flattest EV platforms with more room for passengers, cargo and batteries. REE platforms are future proofed, autonomous capable, offer a low total cost of ownership (TCO), and drastically reduce the time to market for fleets looking to electrify. To learn more visit www.ree.auto.
Media Contact
Malory Van Guilder
Skyya PR for REE Automotive
+1 651-335-0585
ree@skyya.com
Investor Contact
Dana Rubinstein
Chief Strategy Officer for REE Automotive
investors@ree.auto
Caution About Forward-Looking Statements
This communication includes certain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements regarding REE or its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. For example, REE is using forward-looking statements when it discusses the benefits of REE’s collaboration with Geotab, the potential benefits of Geotab’s telematics with data generated from REE products, and the benefits from the integration of REE products within the Geotab network. In addition, any statements that refer to plans, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “aim” “anticipate,” “appear,” “approximate,” “believe,” “continue,” “could,” “estimate,” “expect,” “foresee,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “would”, “designed,” “target” and similar expressions (or the negative version of such words or expressions) may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. All statements, other than statements of historical facts, may be forward-looking statements. Forward-looking statements in this communication may include, among other things, statements about REE’s strategic and business plans, technology, relationships and objectives, including its ability to meet certification requirements, the impact of trends on and interest in our business, or product, intellectual property, REE’s expectation for growth, and its future results, operations and financial performance and condition.
These forward-looking statements are based on REE’s current expectations and assumptions about future events and are based on currently available information as of the date of this communication and current expectations, forecasts, and assumptions. Although REE believes that the expectations reflected in forward-looking statements are reasonable, such statements involve an unknown number of risks, uncertainties, judgments, and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. These factors are difficult to predict accurately and may be beyond REE’s control. Forward-looking statements in this communication speak only as of the date made and REE undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this communication may not occur.
Uncertainties and risk factors that could affect REE’s future performance and could cause actual results to differ include, but are not limited to: REE’s ability to commercialize its strategic plan, including its plan to successfully evaluate, obtain regulatory approval, produce and market its P7 lineup; REE’s ability to maintain and advance relationships with current Tier 1 suppliers and strategic partners; development of REE’s advanced prototypes into marketable products; REE’s ability to grow and scale manufacturing capacity through relationships with Tier 1 suppliers; REE’s estimates of unit sales, expenses and profitability and underlying assumptions; REE’s reliance on its UK Engineering Center of Excellence for the design, validation, verification, testing and homologation of its products; REE’s limited operating history; risks associated with building out of REE’s supply chain; risks associated with plans for REE’s initial commercial production; REE’s dependence on potential suppliers, some of which will be single or limited source; development of the market for commercial EVs; risks associated with data security breach, failure of information security systems and privacy concerns; risks related to lack of compliance with Nasdaq’s minimum bid price requirement; future sales of our securities by existing material shareholders or by us could cause the market price for the Class A Ordinary Shares to decline; potential disruption of shipping routes due to accidents, political events, international hostilities and instability, piracy or acts by terrorists; intense competition in the e-mobility space, including with competitors who have significantly more resources; risks related to the fact that REE is incorporated in Israel and governed by Israeli law; REE’s ability to make continued investments in its platform; the impact of the COVID-19 pandemic, the ongoing conflict between Ukraine and Russia and any other worldwide health epidemics or outbreaks that may arise and adverse global conditions, including macroeconomic and geopolitical uncertainty; the global economic environment, the general market, political and economic conditions in the countries in which we operate; the ongoing military conflict in Israel; fluctuations in interest rates and foreign exchange rates; the need to attract, train and retain highly-skilled technical workforce; changes in laws and regulations that impact REE; REE’s ability to enforce, protect and maintain intellectual property rights; REE’s ability to retain engineers and other highly qualified employees to further its goals; and other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in REE’s annual report filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 27, 2024 and in subsequent filings with the SEC.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/204c073b-9356-4813-bdf5-0148c5ec52b7
FAQ
What benefits does the REE-Geotab collaboration offer to fleet operators?
How will REE's integration with Geotab's platform work?
What type of data will REE vehicles share through Geotab's system?
How does the REE-Geotab partnership benefit North American fleet customers?
