Slate Secures $650 Million for Budget Electric Truck
April 13, 2026 at 15:45
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✦ AI Summary
- Slate Auto aims to deliver an affordable electric pickup truck
- Recent funding round was led by TWG Global executives
- The first EV is expected to launch later this year
Slate Auto, an electric vehicle startup with backing from Jeff Bezos, has successfully raised $650 million to support the creation of an affordable electric pickup truck, targeted to start at mid-$20,000s. The anticipated launch of their first EV is set for later this year.
This Series C funding round was spearheaded by TWG Global, led by financier Mark Walter and Thomas Tull, both of whom previously invested in Re:Build Manufacturing, a company from which Slate originated last year. While Slate has not revealed its current valuation, it was previously estimated at $1.2 billion in January 2025.
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