Slate Auto secures $650M to push its budget electric pickup into production
TL;DR Summary
Bezos-backed Slate Auto raised $650 million in a Series C led by TWG Global to accelerate production of its minimal, modular Slate Truck, a budget-priced electric pickup expected to start in the mid-$20,000s with first deliveries later this year. Slate has 160,000 reservations for the two-seat truck that omits paint, power windows, a radio, and infotainment, instead offering accessories and a kit to convert it into a five-seat SUV. Production will occur at a $400 million factory in Warsaw, Indiana, with the company projecting over 2,000 jobs and up to $39 billion in economic impact over 20 years; preorder timing is set for June 2026.
- Slate raises $650 million to make its budget electric truck The Verge
- Slate Auto closes funding round with enough financial runway to reach next stage of production Electrek
- Slate Auto raises $650M to fund its affordable EV truck plans TechCrunch
- Slate Auto raises $650 million as production gets closer and closer Ars Technica
- Slate raises fresh $650 million as reservations for its mid-$20,000 truck cross 160,000 Business Insider
Reading Insights
Total Reads
0
Unique Readers
19
Time Saved
46 min
vs 47 min read
Condensed
99%
9,262 → 105 words
Want the full story? Read the original article
Read on The Verge