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Slate Auto raises $650M in Series C funding to accelerate production of customizable electric vehicles, led by TWG Global.

PRIVATEApr 13, 2026•2 months ago

Amount Raised

$650 Million

Round Type

series c

TroyAutomotiveElectric Vehicle

Investors

Twg Global

Description

Slate Auto, an electric vehicles company based in Troy, MS, has raised $650M in Series C funding. The investment will help accelerate the next stages of production this year. The round was led by TWG Global. Slate Auto aims to develop customizable electric vehicles, starting with an evolving pickup truck.

Company Information

Company

Slate Auto

Location

Troy, Michigan, United States

About

Slate Auto is a Michigan-based startup that aims to disrupt the electric vehicle market with a two-seat electric pickup truck priced around $25,000. Founded in 2022, it seeks to make electric vehicles more accessible to a broader consumer base. The company has significant backing from Jeff Bezos and experienced leadership from veterans of established automotive companies. Slate intends to commence production of its vehicles by late 2026, emphasizing affordability and practicality.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.

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