Slate Auto Secures $650 Million for Affordable Electric Truck
2 sources·2 updates
Slate Auto has successfully raised $650 million in a Series C funding round to develop its budget electric pickup truck, the Slate Truck. With over 160,000 refundable reservations already in place, the company plans to start preorders in June 2026 and expects to create more than 2,000 jobs at its new factory in Warsaw, Indiana.
Key Points
The funding round was led by TWG Global, with backing from investors including Jeff Bezos' family office.
Slate Auto has raised a total of approximately $1.4 billion to date for its electric vehicle initiatives.
Timeline
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