Slate Auto raises $650M to fund its affordable EV truck plans

What Happened

Slate Auto, a Jeff Bezos-backed electric vehicle startup, raised $650 million in Series C funding led by TWG Global. The company plans to begin production of affordable pickup trucks by end of 2026, starting around $20,000-$27,000. Total funding reached $1.4 billion. The startup, founded in 2022, has over 160,000 reservations and is converting a former Indiana printing factory for manufacturing.

Key Entities

AI Tools