PFLUGERVILLE, Texas – REE Automotive, an electric vehicle technological innovation business, is opening its initially North American headquarters and integration centre in Pflugerville. It arrives right after the Pflugerville Metropolis Council accepted an economic enhancement efficiency settlement between the Pflugerville Community Advancement Corporation (PCDC) Board of Administrators and REE Automotive all through the town council regular assembly on March 22.
The business states it is establishing a very long-expression existence in Texas to capitalize on the expanding marketplace demand for digital autos or EVs in North The usa. The North American headquarters and integration center is expected to deliver REEcornersTM and modular platforms. REE’s offices will be located in a just about 120,000-square-foot facility situated in the One particular 30 Business enterprise Park at Pecan and SH130 in Pflugerville.
The eight-yr arrangement, beforehand accredited by the PCDC board on March 16, provides up to $1 million in grants primarily based on REE investing $24.75 million, expanding into the almost 120,000-square-foot facility, and using at the very least 125 complete-time employment all through the eight-calendar year time period. The $24.75 million expense contains the value of the lease agreement above eight several years and funds expenditures.
“REE’s North American headquarters and Integration Center is an great healthy for our various and proficient workforce, expands autonomous and electrical car or truck technological know-how in the Austin region, and offers advancement prospects for the Point out of Texas electric automobile business as a complete,” reported Amy Madison, PCDC Government Director, in a information release. “REE’s investigation and improvement capabilities will even more define the Austin area as an EV significant-tech production hub.”
In addition to the jobs grant, PCDC will guide REE in getting talent development money and other workforce grants to provide the local community with education options in electrical vehicle elements.
REE is headquartered in Israel and is an automotive engineering chief whose mission is to empower organizations to establish any dimensions or shape of electrical or autonomous car or truck, from Course 1 via Class 6, for any software and any goal industry.