# REE Automotive raises $45.35 million in registered direct offering led by M&G

REE Automotive has priced a $45.35 million registered direct offering, led by M&G Investment ($20 million), with participation from Motherson Group ($15 million) and Varana Capital ($5.25 million).

- Type: Investment
- Announced: 2024-09-16
- Value: $45.4M
- Status: announced
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [REE Automotive](https://endata.com/companies/24365.md)
- [Motherson](https://endata.com/companies/7485.md) (investor)
- [M&G Investment](https://endata.com/companies/79840.md) (investor)
- [Varana Capital](https://endata.com/companies/79841.md) (investor)

## Sources

- [ree.auto](https://ree.auto/press-release/ree-automotive-announces-global-manufacturing-agreement-with-leading-automotive-supplier-motherson-group-making-strategic-investment-in-a-45-35-million-registered-direct-offering-led-by-mg/), 2024-09-16: "REE priced a $ 45.35 million registered direct offering, led by M&G Investment, REE's largest shareholder, who invested $ 20 million; Motherson, who invested $ 15 million in the round; and Varana Capital, one of REE's earliest investors; who invested $5.25 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.