SLATE AUTO RAISES $650M FOR AFFORDABLE EV TRUCK

The funding round was led by TWG Global, an investment firm run by LA Dodgers owner Mark Walter, alongside existing investors backing the EV startup. Slate Auto's truck targets the affordable segment of the electric vehicle market, positioning itself against established players and newer entrants. The mid-$20,000s starting price undercuts most current EV offerings, addressing a gap in accessible electric transportation. Production timelines are tightening as the company moves closer to manufacturing. The fresh capital will support factory setup, supply chain development, and scaling operations ahead of the late 2026 launch window. The funding demonstrates continued investor confidence in affordable EV plays despite market challenges facing other startups in the space. Slate Auto joins a growing number of companies racing to deliver lower-cost electric vehicles to mainstream consumers.