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Slate Auto Raises $650M for Affordable Electric Pickup Production

4/13/2026

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Summary

Story summary

Slate Auto, an electric vehicle startup, raised $650 million in a Series C to fund an affordable electric pickup priced in the mid-$20,000s.
The company plans to deliver its first model later this year after over 160,000 reservations amid competition from lower-cost automakers.
It emphasizes simplicity, using only 600 parts and offering customizable features.
Production will be at the Warsaw, Indiana factory, creating over 2,000 jobs.

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Story summary

Slate Auto, an electric vehicle startup, raised $650 million in a Series C to fund an affordable electric pickup priced in the mid-$20,000s.
The company plans to deliver its first model later this year after over 160,000 reservations amid competition from lower-cost automakers.
It emphasizes simplicity, using only 600 parts and offering customizable features.
Production will be at the Warsaw, Indiana factory, creating over 2,000 jobs.