Slate raises $650 million to make its budget electric truck
Slate Auto, the EV startup backed by Jeff Bezos, raised $650 million to fund its effort to build an affordable electric pickup truck expected to start in the mid-$20,000s. The company plans on delivering its first EV later this year.
The Series C round was led by TWG Global, headed by Guggenheim Partners founder and LA Dodgers owner Mark Walter and financier Thomas Tull. Slate didn't disclose its latest investors, but both Walter and Tull were investors in Re:Build Manufacturing, a Bezos-owned company from which Slate spun off last year. The company also didn't disclose its latest valuation, but was at $1.2 billion as of January 2025, acco …