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.