Slate Truck production nears with $650 million funding

Slate Auto has successfully raised $650 million, bringing its electric truck closer to production. The Slate Truck is slated to launch in late 2026 with a starting price in the mid-$20,000s. This significant funding round, led by TWG Global, will support the manufacturing and delivery of the affordable electric pickup. The company's focus on a budget-friendly price point aims to capture a significant share of the growing electric vehicle market. The successful fundraising indicates strong investor confidence in Slate Auto's vision and its upcoming product.