Jeff Bezos-Backed Tesla Rival Slate Raises $650 Million In Latest Funding Round—Receives 160,000 Reservations For $25K Pickup

Benzinga_recent_news04-14 17:58

Jeff Bezos-backed EV maker Slate Auto has raised $650 million in its latest funding round on Monday, as the customizable, affordable pickup truck maker gears up to release its first model. The company...

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Slate is offering the product without a traditional paint job or even power windows and a stereo. The base trim offers a 150-mile range with a 52.7kWh battery as well as a 1,400-pound payload capacity. The company will also offer a larger battery option, which pushes the range to 240 miles on a single charge.\nSlate’s unique approach focuses on personalization, where customers can pick and choose what they want in their vehicle, while the company also offers several presets tailored for multiple applications. Slate also provides the option for the pickup truck to be converted into a small SUV.\nThe automaker also appointed Peter Faricy as the new CEO, succeeding former CEO Christine Barman, who has moved on to the role of president of Vehicles.\nCheck out more of Benzinga's Future Of Mobility coverage by following this link.\nPhoto courtesy: Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.40.0","shortVersion":"4.40.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2627414016","isCrawlerRequest":true}