Slate Raises $650 Million to Scale Affordable Electric Trucks
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Slate has raised $650 million in Series C funding to support its electric truck program, with plans to begin deliveries in late 2026. The company aims to make electric trucks affordable, with a starting price in the mid-$20,000 range, and has received over 160,000 reservations for the vehicle.
Slate has raised $650 million in funding to scale its electric truck program. The company plans to begin deliveries in late 2026. Slate aims to make electric trucks affordable, with a starting price in the mid-$20,000 range. The company has received over 160,000 reservations for the vehicle. Slate will manufacture its truck at a redeveloped facility in Warsaw, Indiana, creating over 2,000 jobs. The company expects the factory to support high-volume manufacturing once it reaches scale.
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