Overview
- Slate Auto, which announced a $650 million Series C on Monday, now totals about $1.4 billion in funding.
- TWG Global led the round, a firm run by Los Angeles Dodgers owner Mark Walter and investor Thomas Tull.
- Slate targets the end of 2026 to start building its trucks at a renovated factory in Warsaw, Indiana.
- Final pricing arrives in June after Slate dropped its under-$20,000 claim when the $7,500 federal credit ended.
- The startup reports more than 160,000 refundable reservations, and new CEO Peter Faricy is focused on converting them into paid orders.