The EV startup backed by Jeff Bezos

a year ago

Jeff Bezos is funding a secretive EV startup called Slate Auto, aiming to produce an affordable two-seat electric pickup truck for around $25,000.
Slate Auto has raised at least $111 million in a Series A round in 2023, with Bezos' involvement, and closed a Series B round late last year.
The company plans to start production as soon as late 2026 near Indianapolis, Indiana, targeting high-net-worth individuals for funding.
Slate Auto is led by CEO Christine Barman, a longtime Chrysler veteran, and has hired executives from Harley-Davidson and Stellantis.
The startup plans to supplement low margins with a line of accessories and apparel, similar to Harley-Davidson and Stellantis.
Slate Auto is bucking the trend by targeting a buyer's 'first car' with a low-cost approach, unlike other EV startups that start with high-end offerings.
The company has deep ties to Amazon, with several former Amazon executives involved in its operations and funding.
Slate Auto has filed for trademarks and job listings hint at a customer customization process called 'Slate University.'
The startup is sourcing its high-voltage battery pack and electric motors from outside suppliers and challenging traditional vehicle design.
Slate Auto does not have a founder serving as CEO, unlike other EV startups, with Christine Barman leading the company.

Hasty Briefsbeta