<?xml version="1.0" encoding="UTF-8"?><!-- Produced by ACII Web Filing Platform, Advanced Computer Innovations, Inc., Copyright (C) 2024 --><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:n1="http://www.sec.gov/edgar/common">
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		<submissionType>SCHEDULE 13G</submissionType>
		<filerInfo>
			<filer>
				<filerCredentials>
					<cik>1706046</cik>
					<ccc>XXXXXXXX</ccc>
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			<liveTestFlag>LIVE</liveTestFlag>


		</filerInfo>
	</headerData>
	<formData>
		<coverPageHeader>
			<securitiesClassTitle>Class A Ordinary Shares without par value</securitiesClassTitle>
			<eventDateRequiresFilingThisStatement>09/16/2024</eventDateRequiresFilingThisStatement>
			<issuerInfo>
				<issuerCik>0001843588</issuerCik>
				<issuerName>REE Automotive Ltd.</issuerName>
				<issuerCusip>M8287R202</issuerCusip>
				<issuerPrincipalExecutiveOfficeAddress>
					<n1:street1>Kibbutz Glil-Yam</n1:street1>
					<n1:city>Glil-Yam</n1:city>
					<n1:stateOrCountry>L3</n1:stateOrCountry>
					<n1:zipCode>4690500</n1:zipCode>
				</issuerPrincipalExecutiveOfficeAddress>
			</issuerInfo>
		</coverPageHeader>
		<coverPageHeaderReportingPersonDetails>

			<reportingPersonName>Varana Capital, LLC</reportingPersonName>
			<citizenshipOrOrganization>DE</citizenshipOrOrganization>
			<reportingPersonBeneficiallyOwnedNumberOfShares>
				<soleVotingPower>1575061</soleVotingPower>
				<sharedVotingPower>0</sharedVotingPower>
				<soleDispositivePower>1575061</soleDispositivePower>
				<sharedDispositivePower>0</sharedDispositivePower>
			</reportingPersonBeneficiallyOwnedNumberOfShares>
			<reportingPersonBeneficiallyOwnedAggregateNumberOfShares>1575061</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
			<classPercent>8.46</classPercent>
			<typeOfReportingPerson>IV</typeOfReportingPerson>
		</coverPageHeaderReportingPersonDetails>
		<items>
			<item1>
				<issuerName>REE Automotive Ltd.</issuerName>
				<issuerPrincipalExecutiveOfficeAddress>Kibbutz Glil-Yam</issuerPrincipalExecutiveOfficeAddress>
			</item1>
			<item2>
				<filingPersonName>Varana Capital, LLC</filingPersonName>
				<principalBusinessOfficeOrResidenceAddress>3141 Walnut St, Ste 203b</principalBusinessOfficeOrResidenceAddress>
				<citizenship>Delaware</citizenship>
			</item2>
			<item3>
				<typeOfPersonFiling>IV</typeOfPersonFiling>
			</item3>
			<item4>
				<amountBeneficiallyOwned>1,575,061</amountBeneficiallyOwned>
				<classPercent>8.46</classPercent>
				<numberOfSharesPersonHas>
					<solePowerOrDirectToVote>1,575,061</solePowerOrDirectToVote>
					<sharedPowerOrDirectToVote>0</sharedPowerOrDirectToVote>
					<solePowerOrDirectToDispose>1,575,061</solePowerOrDirectToDispose>
					<sharedPowerOrDirectToDispose>0</sharedPowerOrDirectToDispose>
				</numberOfSharesPersonHas>
			</item4>
			<item5>
				<notApplicableFlag>Y</notApplicableFlag>
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			<item6>
				<notApplicableFlag>Y</notApplicableFlag>
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			<item7>
				<notApplicableFlag>Y</notApplicableFlag>
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			<item8>
				<notApplicableFlag>Y</notApplicableFlag>
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			<item9>
				<notApplicableFlag>Y</notApplicableFlag>
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			<item10>
				<notApplicableFlag>Y</notApplicableFlag>
			</item10>
		</items>
		<signatureInformation>
			<reportingPersonName>Varana Capital, LLC</reportingPersonName>
			<signatureDetails>
				<signature>Ankur Ahuja</signature>
				<title>Chief Operating Officer</title>
				<date>10/31/2024</date>
			</signatureDetails>
		</signatureInformation>
	</formData>
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