Slate carthe Jeff Bezos-Driven EV-Startup gets headlines for its stripped, deeply customizable approach, has raised more than $ 111 million to market its first vehicle, the 'Blank Slate', on the end of 2026.
The startup is another approach to the design of electric vehicles, where traditional functions are removed in favor of simplicity. The modular, paint-free, screen-free EV-pick-up has inflamed curiosity towards its affordability and adjustment, and now, with hundreds of millions of financing and more than 400 employees, Slate car for production in Indiana, writes Techcrunch.
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Slate Auto's vehicle enters the market with a dramatic other philosophy, writes Business Insider. Priced around $ 25,000, the truck comes without traditional paint or even power windows, but that is completely intentional.
The design strips traditional cost centers to maximize affordability and invite consumers to build the vehicle as their needs and budget evolve. Slate said it is launching with more than 100 available accessories, including modular kits that transform the truck from a pick-up with two seats in an SUV with five passengers.
Instead of a single, a fixed model, buyers start with a platform that can be reformed via “Start packages” bundled adjustment options that contain technology, comfort or utility upgrades. According to Techcrunch, the basic model offers a range of 150 miles with a 52.7 kWh battery and 1,400 pounds payload capacity. A larger battery is optional and pushes the range to 240 miles. Drivers can opt for entertainment screens, improved speakers, racks, light kits and even brand wraps with brand gate as aftermarket-Add-us.
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Slate has also launched Slate University, a digital DIY Learning Hub with effect from videos, installation support and sources to help owners adjust their vehicles to their own conditions.
CEO Chris BarmanAn old car industry director with carrots at Chrysler, says Slate offers more than a truck. “We are building the affordable vehicle that has long been promised, but has never been delivered,” said Barman at Slate's unveiling on 24 April in Long Beach, California.
Slate cars $ 111 million Series A Fundraisation round is supported by high-profile investors, including Amazon (Nasdaq: Amzn) founder Bezos through his private family office, and Mark WalterCEO of Guggenheim Partners and majority owner of the La Dodgers.
According to Techcrunch, Walter played a practical role in supervising Slate's early strategy through its existing production network. Other investors are early backers of Re: building productionWhere Slate car was initially incubated.
With this strategic financing in place, Slate adds to a growing class of EV startups that shift their focus from expensive, function-heavy vehicles to more scalable, accessible options for first EV buyers, as Business Insider reported.
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According to The Verge, Slate will start production of his truck in a withdrawn facility in Warsaw, Indiana. The relocation places Leisten with an increasing number of EV companies that connect to domestic production as a means to stabilize and lower the costs of supply chains, Business Insider reported.
More than 40 of vacancies on LinkedIn show that the company is actively hiring in Engineering, Operations and Clevervaring Roles in preparation for the Laancing Window 2026.
Although many EV startups have had difficulty reaching a scale with premium offers, Business Insider says that Slate is completely reversing that model. Instead of building high -quality vehicles and slowly lowering prices, the company starts with affordability and gamble that personalization and low entry thresholds will stimulate loyalty in the long term.
The daring decision of the company to deliver a real modular EV has already separated it from competitors such as Rivian (Nasdaq: Rivn), and from now displayed challengers such as Fisker and Canoo, who struggled with the capital -intensive path to production. The vision of Slate Auto on “Personal, Not Premium” could represent a long -awaited shift in how electric vehicles are presented, built and sold in the US
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This article Slate Auto protects $ 111 million from Jeff Bezos and Guggenheim's Mark Walter to build $ 20k electric truck, which challenged the Tesla dominance, originally appeared on Benzinga.com
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