Slate Auto Secures $650M in Funding for Affordable EV Truck Production
Slate Auto has raised $650 million in a Series C funding round led by TWG Global, aiming to produce its first affordable electric pickup trucks by the end of 2026. The company has now raised a total of $1.4 billion, with backing from investors including Jeff Bezos’ family office and former Amazon executives. The funding comes amid a challenging environment for EV startups in the U.S.
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Topics: automotive industry electric vehicles EV market funding startups