Slate Auto raises $650M for EV trucks

Slate Auto has secured a significant $650 million in funding to advance its plans for producing affordable electric vehicle trucks. The investment round was notably led by existing investor TWG Global, a firm associated with LA Dodgers owner Mark Walter. This substantial capital infusion is expected to accelerate Slate Auto's development and manufacturing capabilities, bringing their vision of accessible electric trucks closer to reality. The company aims to disrupt the automotive market by focusing on affordability within the growing EV sector.