Jeff Bezos-backed EV maker Slate Auto has raised $650 million in its latest funding round on Monday, as the customizable, affordable pickup truck maker gears up to release its first model.
$650 Million Raised
The company raised the amount in its latest funding round by TWG Global, backed by Slate’s investor Mark Walter, Business Insider reported on Monday. Besides the funding, Slate also shared that it has secured over 160,000 reservations for its first product, a fully customizable pickup truck touted to be sold for $25,000.
Slate Auto’s Pickup Truck
The company had unveiled the pickup truck back in June last year. Slate is offering the product without a traditional paint job or even power windows and a stereo. The base trim offers a 150-mile range with a 52.7kWh battery as well as a 1,400-pound payload capacity. The company will also offer a larger battery option, which pushes the range …
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