Slate raises $650 million to make its budget electric truck

Slate Auto, the EV startup backed by Jeff Bezos, raised $650 cardinal to money its effort to physique an affordable electrical pickup motortruck expected to commencement successful the mid-$20,000s. The institution plans connected delivering its archetypal EV aboriginal this year.

The Series C circular was led by TWG Global, headed by Guggenheim Partners laminitis and LA Dodgers proprietor Mark Walter and financier Thomas Tull. Slate didn't disclose its latest investors, but some Walter and Tull were investors successful Re:Build Manufacturing, a Bezos-owned institution from which Slate spun disconnected past year. The institution besides didn't disclose its latest valuation, but was astatine $1.2 cardinal arsenic of January 2025, acco …

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