Property and Equipment, Net

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

Property and Equipment, Net

Property and equipment, net consists of the following:

		December 31,
	Useful life	2023		2022
	(in years)
Production tooling	4	$	16,428	$	10,851
Lab equipment	4	12,887		6,382
Office equipment	3 - 7	6,539		4,736
Leasehold improvements	*	1,898		1,216
Construction in progress		3,867		1,763
Property and equipment, gross		41,619		24,948
Less: Accumulated depreciation		14,653		9,119
Property and equipment, net		$	26,966	$	15,829

*Leasehold improvements are amortized over the shorter of the remaining lease term or estimated useful life of the leasehold improvement.

The Company recognized depreciation expense of $5,367, $3,168, and $1,198 for the years ended December 31, 2023, 2022 and 2021, respectively.

Fixed assets not yet in service consist primarily of capitalized internal-use software and certain tooling and other equipment that have not been placed into service.