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Jeff Bezos-Backed Slate Auto Raises New Capital for Low-Cost Electric Truck Program
Slate Auto secures $650 million in new funding to support its affordable EV truck program. The startup plans a stripped-down pickup with optional upgrades, aiming for production this year while navigating rising prices and a competitive EV market.
Slate Appoints New CEO Ahead of Affordable EV Pickup Launch
Slate Auto has appointed former Amazon executive Peter Faricy as CEO as it prepares to launch a low-cost electric pickup truck. The startup plans to manufacture the vehicle in Indiana and target pricing in the mid-$20,000 range.
Slate Signals Broader Vehicle Plans Beyond Its Minimalist Electric Pickup
Slate Auto’s CEO confirms the company plans to introduce more vehicles beyond its minimalist electric pickup. While future models are under consideration, Slate is focused on executing its modular, low-cost truck launch and starting production in 2026.
Slate EV Truck Tops 150,000 Orders, But Won’t Include Self-Driving Features
Slate Auto’s affordable EV truck has 150,000+ pre-orders, launching late 2026. Priced $26–$27K, it won’t include autonomous features. Its low cost, customization, and simplicity appeal as competitors and lost incentives reshape the market.