Israel’s renewable energy company Meshek and EV technology company REE Automotive Secure Funds
Meshek Energy, an Israeli renewable energy company, has signed a financing agreement worth approximately USD 73 million (NIS 270 million) with Bank Leumi.
The funding will support the development of solar and energy storage facilities, alongside investments in the Dalia 2 expansion project—an initiative led by a subsidiary of Meshek Energy at the Dalia power plant.
Meanwhile, REE Automotive Ltd., an Israeli company specializing in electric vehicle platforms, completed a USD 36 million registered direct offering as it advances commercial production and deployment of its modular EV chassis technology, which serves the automotive and logistics industries globally.
Herzog Fox & Neeman advised on both deals. Eyal Markovich and Moshe Minster, members of the firm’s Energy and Infrastructure legal team, advised Meshek, while Ron Ben-Menachem and Michal Gladstein from the firm’s Capital Markets team, advised REE Automotive.
