Slate Auto: The Stealth EV Startup Backed by Jeff Bezos

Michigan-based electric vehicle (EV) startup that has been operating in stealth mode since its founding in 2022. The company aims to produce an affordable two-seat electric pickup truck priced around $25,000, drawing inspiration from iconic vehicles like the Ford Model T and Volkswagen Beetle. Slate has attracted significant investment, including a $111 million Series A round in 2023, with involvement from Jeff Bezos through his family office. Additional backers include Mark Walter, CEO of Guggenheim Partners, and Thomas Tull, a lead investor in Re:Build Manufacturing. The company plans to commence production as early as late 2026 at a facility near Indianapolis, Indiana.

Source: TechCrunch