{"id":4677,"date":"2025-05-08T19:54:13","date_gmt":"2025-05-08T19:54:13","guid":{"rendered":"https:\/\/slaterides.com\/?p=4677"},"modified":"2025-05-11T02:42:59","modified_gmt":"2025-05-11T02:42:59","slug":"slate-confirms-700-million-in-funding-bezos-investment","status":"publish","type":"post","link":"https:\/\/slaterides.com\/es\/slate-confirms-700-million-in-funding-bezos-investment\/","title":{"rendered":"Slate confirms $700 million in funding, Bezos investment"},"content":{"rendered":"

Slate Auto, the startup electric vehicle manufacturer, today confirmed to Newsweek<\/em> that the company raised $700 million total through Series A and B funding, with the last round closing in late 2024.<\/p>\n

The funding comes from Bezos Expeditions, General Catalyst and TWG Global, among other investors though the amount each firm provided is unconfirmed.<\/p>\n

Bezos Expeditions is an American investment firm that manages Amazon<\/a> founder Jeff Bezos<\/a>‘s personal investment portfolio.<\/p>\n

General Catalyst, a venture capital firm, has a varied portfolio that also includes cosmetics company Beauty Pie, image software company Canva and online travel search tool Kayak, among others.<\/p>\n

TWG Global is a holding company that has other automotive industry investments, most notably Cadillac’s Formula 1 team.<\/p>\n

\n
\n\"Slate<\/div>
\nA Slate vehicle wrapped in Newsweek camouflage, carrying stacks of Newsweek’s World Greatest Auto Disruptors magazines in its bed.<\/span>
\nA Slate vehicle wrapped in Newsweek camouflage, carrying stacks of Newsweek’s World Greatest Auto Disruptors magazines in its bed.<\/span>
\nSlate<\/span>
\n<\/figcaption><\/figure>\n

Slate aims to disrupt the automotive industry<\/a> with a new vehicle and way of doing business<\/a> that focuses on the necessary and gives buyers the power of choice at a budget-conscious price. It unveiled its first model, a battery-electric vehicle (BEV), to the world on April 26 in Long Beach, California.<\/p>\n

Though initially sold as a truck, the new Slate BEV can be transformed into an SUV through an accessories package.<\/p>\n

The unique truck is a two-seat pickup that will be sold in a single configuration\u2014one bed size and one cab style. Simplicity is key to the design team’s approach to the model; its windows crank and there are climate control knobs. There is no infotainment system nor a touchscreen. It wears steel wheels on each corner.<\/p>\n

Slate owners also have the option of wrapping their vehicle<\/a> or having it wrapped by a pro. Customers can choose from three levels of wrap, which is designed to make the vehicle especially personal.<\/p>\n

The automaker will host SlateU tutorial videos on its website to instruct owners on how to enhance their model whether through accessory additions or wrapped elements.<\/p>\n

The American company will purchase American-made batteries for its electric truck and assemble the model in the U.S.<\/p>\n

Slate is led by<\/a> CEO Chris Barman, Chairman Rod Copes, COO Jeremy Snyder and head of design, Tisha Johnson, among others.<\/p>

This post<\/a> was originally published on this site<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Slate Auto, the startup electric vehicle manufacturer, confirmed to Newsweek that the company closed on $700 million in Series A and B funding in late 2024.<\/p>","protected":false},"author":1,"featured_media":4679,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAowvYiiDA:productID":"","_gspb_post_css":"","footnotes":"","_sr_story_type":"","_sr_verification_state":"","_sr_primary_source_url":"","_sr_additional_sources":"","_sr_last_verified_date":"","_sr_key_takeaway":"","_sr_content_lane":"","_sr_rights_record_id":"","_sr_rights_status":"","_sr_required_credit":"","_sr_commercial_relationship":"","_sr_disclosure_text":"","_sr_originality_promise":"","_sr_editorial_qa":"","_sr_owner_decision":"","_sr_next_review_date":""},"categories":[26],"tags":[20],"sr_verification":[],"sr_journey_stage":[],"class_list":["post-4677","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-breaking"],"blocksy_meta":[],"yoast_head":"\nSlate confirms $700 million in funding, Bezos investment - 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