REE will offer training to authorized dealers to certify technicians to provide service on Powered by REE vehicles. The dealers include the previously unnamed customers, Pritchard EV, a nationwide distributor and subsidiary of Pritchard Companies, and the Southern California-based dealer Tom's Truck Center. The company today also announced that Industrial Power & Truck Equipment (IPT) and New England Truck Solutions (NETS) are new dealers for the US market.
REE has entered into an agreement with Mitsubishi HC Capital America to provide a customized finance solution for dealers within the REE network. This agreement is designed to streamline the process of obtaining financing for dealers looking to purchase REE Powered vehicles. Furthermore, Mitsubishi HC Capital America will leverage its existing relationships to help expand REE's North American dealer network.
"By helping companies reach their environmental, social, and governance (ESG) goals, we have a chance to make a positive impact on the world around us and it happens through partnerships like the one we have with REE", Kirk Mann, Senior Vice President and General Manager of Transportation Finance at Mitsubishi HC Capital America.
"As a leading fleet dealer, we're seeing the demand for electric vans and work trucks skyrocket," said Ryan Pritchard, chief revenue officer at Pritchard EV. "REE Automotive is successfully redefining purpose-built fleets and we are eager to incorporate their vehicles in our line-up of offerings. The REE-powered vehicles set a new standard in commercial EVs, offering greatest interior space on a given footprint, optimized driver ergonomics and ease-of-maneuverability. Together, we can provide superior solutions for last and mid-mile delivery with low total cost of ownership."
Iustrial Power Truck & Equipment has been serving the Dallas Fort Worth metroplex for over 40 years, specializing in commercial truck sales.
"We're excited to partner with REE and join its growing dealer network," said Brian O'Neil at Industrial Power Truck & Equipment. "Our end-customers are seeking electric vehicles because they're looking to cut costs and repair times, and in REE we found a partner uniquely capable of fulfilling their needs."
Electric vehicles Powered by REE built on the modular P7 platform enable a wide range of capabilities for class 3 to 5 vehicles including payload capacities of up to 8,000 pounds, up to 200 miles of range and industry-leading low step-in height. The vehicles integrate four REEcorners™ featuring REE's x-by-wire technology, supporting all-wheel steer, all-wheel drive, adaptive regenerative braking, creep control, hill start assist, and torque vectoring.