Slate raises $650 million to make its budget electric truck
Slate Auto secures funding for affordable electric truck.
Slate Auto, an electric vehicle startup backed by Jeff Bezos, has raised $650 million in a Series C funding round to produce an affordable electric pickup truck priced in the mid-$20,000s. The funding, led by TWG Global, will help the company meet its production timeline, with preorders starting in June 2026 for a truck that has already garnered 160,000 reservations. Slate plans to manufacture the truck at its new factory in Warsaw, Indiana, which is projected to create over 2,000 jobs in the region.
Key Takeaways
- 1.
Slate has received 160,000 reservations for its first electric truck.
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The company plans to start preorders in June 2026.
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Slate's factory in Warsaw, Indiana, is expected to create over 2,000 jobs.
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