v3.25.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Schedule of Property and Equipment, net Depreciation is calculated by the straight-line method over the estimated useful lives of the assets below:
Years
Computers and software3—7
Furniture and fixtures5
Machinery and equipment4—7
Vehicles7
Demonstration vehicles
2
Leasehold improvementsShorter of the term of the lease or useful life
Property and equipment, net at December 31, 2024 and 2023, respectively, consists of:

December 31, 2024December 31, 2023
Computers and software$4,208 $3,823 
Furniture and fixtures1,291 1,291 
Machinery and equipment14,011 13,985 
Vehicles173 173 
Demonstration vehicles 800 — 
Leasehold improvements1,308 1,308 
Construction in progress (1)
7,123 217 
$28,914 $20,797 
Less - accumulated depreciation and amortization(6,804)(3,698)
Total$22,110 $17,099 

(1)     Construction in progress as of December 31, 2024 consisted of capitalized costs of production tooling, machinery and equipment related to the UK Launch Factory located in Coventry, United Kingdom and assembly facility located in the United States. For the year ended December 31, 2023, the amount of construction in progress consisted of capitalized costs related to production tooling at the UK Launch Factory located in Coventry, United Kingdom.