Slate Auto Secures $650M for Affordable EV Trucks
April 13, 2026 at 13:26
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✦ AI Summary
- Slate Auto raises significant funding for electric vehicle development
- Investment led by TWG Global, backed by LA Dodgers owner
- Focus on making electric trucks more affordable for consumers
Slate Auto has successfully raised $650 million to accelerate its plans for affordable electric vehicles, specifically targeting the truck market. This funding round was primarily led by TWG Global, a venture capital firm associated with Mark Walter, the owner of the LA Dodgers.
This substantial investment aims to enhance Slate Auto's production capabilities and drive innovation in the electric truck sector, while making zero-emission vehicles accessible to a broader range of consumers.
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