Related News: How To Upfit Electric Work Trucks and Vans
Slate Auto Raises $650 Million In Funds As It Prepares E-Truck Production
Slate Auto will use the money to advance production plans, with more than 160,000 reservations and deliveries targeted for late 2026.
April 17, 2026
Slate Auto offers a customizable, lower-cost all-electric vehicle that can convert from pickup to SUV.
Credit: Slate Auto
1 min to read
Slate Auto has closed a $650 million Series C funding round, led by TWG Global, to provide operating capital for the next stage of development.
Slate has received more than 160,000 reservations and plans to begin delivering vehicles in late 2026.
Production and Vehicle Plans
The funding will support progress toward production, including development of its vehicle and operations at its Warsaw factory.
“Our Series C round of funding will enable Slate to reach the next stages of production this year,” said CEO Peter Faricy in an April 13 news release.
Slate said it aims to produce a customizable vehicle at a lower cost compared to the average new vehicle. Preorders for Slate Trucks are expected to begin in June, according to the company.
More Suppliers
Slate Debuts Colorful, Unique EV Models
A recent media and client event, studded with electric vehicles dressed up on platforms, planted a new position for the manufacturer in the wider EV market. Fleets will find cost-saving advantages.
Read More →
Slate Electric SUV, Pickup Switchable Model Aims For Light-Duty Fleets
Everything about this EV is counterintuitive and understated, making it stand out from the crowd.
Read More →
Polestar Barred from U.S. Market Under Connected Vehicle Rule
The automaker loses its authorization to sell new vehicles in the U.S., starting with the 2027 model year. Polestar owners will retain access to the brand's service network.
Read More →
Uber, Nuro and Lucid Plan Houston Robotaxi Service in 2027
The tripartite venture brings out the combined advantages of electric vehicles, mobility, and autonomy into ground transportation.
Read More →
Electrify America Opens EV Fast Charging Station in Southern California
The large-format depot features 20 hyper-fast chargers capable of delivering 350 kilowatts and is backed by a powerful battery energy storage system.
Read More →
Inspiration Mobility Acquires Key Electrada Assets
Inspiration Mobility Group has acquired select assets of Electrada, adding the fleet electrification provider's team, technology, and charging infrastructure development capabilities to its energy management business.
Read More →
Lucid Adds Hands-Free Highway Driving, Software Updates To Gravity SUV
Hands-free drive assist makes highway driving more comfortable while keeping drivers attentive to the road.
Read More →
Harbinger Creates Hybrid-Electric Unmanned Vehicle Platform for Defense Use
The platform is based on the company's medium-duty plug-in hybrid chassis, which is also used in commercial vehicles.
Read More →
Mitsubishi To Debut All-Electric Eclipse Subcompact For North American Market
The 2027 Mitsubishi Eclipse Sportback is a small SUV that will go on sale by this fall.
Read More →
Stellantis To Build Smaller, Affordable EVs For European Market
Stellantis aims to expand access to urban EV mobility in Europe and address the decline in the smaller-vehicle segment.
Read More →