Jeff Bezos-Backed Slate Auto Targets $25,000 Electric Truck by 2026

The Michigan-based company, operating in stealth since 2022, has completed Series B funding and plans to begin production near Indianapolis in late 2026.

• Slate Auto, headquartered in Michigan, is developing a two-seat electric truck priced around $25,000, aiming to disrupt the EV market with affordability.
• The startup has raised at least $111 million in Series A funding and recently closed a Series B round, with board appointments including Mark Walter and Thomas Tull.
• Amazon founder Jeff Bezos, through his family office, is among the key investors backing the company since its inception in 2022.
• Production is slated to begin in late 2026 at a facility near Indianapolis, Indiana, though it remains unclear if this will involve a new or existing factory.
• Slate Auto has recruited talent from major automakers like Ford, GM, and Stellantis, and showcased a prototype vehicle to investors at its California design studio.

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