Slate Auto raises $650M to fund its affordable EV truck plans

Jeff Bezos-backed electric vehicle startup Slate Auto has raised another $650 million as the company prepares to put its first affordable pickup trucks into production by the end of 2026. The carmaker said Monday that the Series C funding round was led by TWG Global, a firm run by Guggenheim Partners chief executive (and Los Angeles Dodgers owner) Mark Walter and investor Thomas Tull. Slate Auto’s press release thanked “visionary investors” but the company did not name any others who were involved in the fundraise.