Bezos-Backed EV Truck Startup Slate Auto Raises $650 Million (1)

Slate Auto, the electric vehicle startup backed by Jeff Bezos, has raised $650 million to fund its effort to bring a mid-$20,000 electric pickup truck to the US market by year-end.

TWG Global, headed by Guggenheim Partners founder Mark Walter and financier Thomas Tull, led the Series C funding, Slate said. A spokesperson declined to comment on the company’s current valuation, but it was about $1.2 billion at its fundraising in January 2025, according to Pitchbook. TWG first invested in Slate in 2024.

Slate, which named a new chief executive officer last month, wants to tap consumer ...