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Slate Auto

From Wikipedia, the free encyclopedia

Slate Auto
TypePrivate
IndustryAutomotive
PredecessorRe:Build Manufacturing
FounderMiles Arnone; William Barker; Jeff Wilke
Headquarters
Troy, Michigan[1]
,
U.S.
Area served
United States
Key peoplePeter Faricy (CEO)[2]
ProductsSlate (vehicle)
ParentRe:Build Manufacturing
Websiteslate.auto

Slate Auto is an American startup company that is developing electric vehicles. It was founded in 2022 inside of Re:Build Manufacturing by Miles Arnone, William Barker and Jeff Wilke, and is based in Troy, Michigan. Its investors include Jeff Bezos, Mark Walter, and Re:Build Manufacturing.[3] Its first product will be the Slate, an electric vehicle that can be configured as a pickup truck or an SUV.

History

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Slate was founded in 2022, and operated in stealth mode until it revealed the Slate vehicle on April 24, 2025.[4] It was originally called "Re:Car", as a project within Re:Build Manufacturing, a domestic manufacturing platform. Slate's three co-founders and co-chairman Miles Arnone, William Barker and Jeff Wilke are all co-founders and leaders at Re:Build Manufacturing. Slate's first several hundred employees include many with experience at Ford, General Motors, Stellantis, and Harley-Davidson.[3] The company is headquartered in Troy, Michigan and has a design studio in Long Beach, California.

Slate raised at least $111 million in Series A financing, including an undisclosed amount from Bezos. Slate then raised $600 million in 2024 from Mark Walter, the controlling owner of the Los Angeles Dodgers and CEO of Guggenheim Partners, Jeff Bezos, and General Catalyst, a venture capital firm.[5] In mid-2026, the company said it had completed a $650m series C investment round, which took its total capital raised to $1.4bn.[6]

Initial manufacturing is expected to occur in Warsaw, Indiana,[7] at a site previously operated by LSC Communications as a printing plant until its closure in 2023.[8] Slate is retrofitting the plant to accommodate its vehicle line, targeting production to begin at the end of 2026.[9] Slate claims that facility will have a capacity of up to 150,000 vehicles per year.[6]

Vehicles

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Prototype Slate pickup truck on display in July 2025

The company's first vehicle, the Slate, is a battery electric vehicle that has been announced to come in two formats: a 2-seat compact pickup truck or a 5-seat SUV. Preorder opened for the vehicle on the morning of June 24, 2026. The Slate pickup truck is targeted to start at $24,950. Slate Auto CEO Peter Faricy claims the vehicle will be profitable and that the company is targeting positive cash flow next year.[10] The vehicle's claimed estimated range is 205 miles (330 km).[11]

Re:Build Manufacturing

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Slate Auto parent Re:Build Manufacturing is a U.S. company that held 13 industrial and engineering businesses as of August 2024.[12] The company was founded in 2021 by Miles Arnone and Jeff Wilke.[12] As of August 2024 the company had raised $600 million, funding partially used to acquire what the company calls its “member companies”, focusing on industries including defense, aerospace, health and clean tech.[12] It also incubates new technologies and reportedly plans to spin out industrial businesses.[12]

In addition to Slate Auto, the company owns Englewood, Colo.-based design and analysis aerospace engineering firm Answer Engineering, and Avon, Ohio-based metal fabrication and precision machining company CDI Cutting Dynamics.[12] The company also partnered with US sodium-ion (Na-ion) battery startup Alsym Energy to develop commercial-scale battery cell manufacturing capacity in the US.[13]

References

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  1. ↑ Doll, Scooter (March 28, 2025). "What is Slate? A stealthy new American EV automaker promises to be a 'game-changer'". Electrek. Retrieved April 25, 2025.
  2. ↑ O'Kane, Sean (March 9, 2026). "Slate Auto changes CEO months ahead of affordable EV launch". TechCrunch. Retrieved April 23, 2026.
  3. 1 2 O'Kane, Sean (April 8, 2025). "Exclusive: Inside the EV startup secretly backed by Jeff Bezos". TechCrunch. Retrieved April 22, 2025.
  4. ↑ Levin, Tim (April 24, 2025). "Slate Emerges From Stealth With A Low-Cost, Transforming EV Pickup". InsideEVs. Retrieved April 25, 2025.
  5. ↑ Falkenberg-Hull, Eileen (May 8, 2025). "Slate confirms $700 million in funding, Bezos investment". Newsweek. Retrieved May 10, 2025.
  6. 1 2 Wayland, Michael (June 7, 2025). "Slate Auto: Inside the EV startup, stealth production facility backed by Jeff Bezos". CNBC. Retrieved June 9, 2025.
  7. ↑ DaSilva, Amber (April 9, 2025). "Jeff Bezos–Funded EV Startup Slate Auto Wants To Build A $25,000 Two-Seat Pickup". Jalopnik. US. Retrieved April 22, 2025.
  8. ↑ "Warsaw, Indiana, printing plant to close, putting about 525 workers out of jobs". AP News. US. June 7, 2023. Retrieved January 30, 2026.
  9. ↑ "Slate Auto Prepares Warsaw Factory for EV Truck Production". The EV Report. US. January 30, 2026. Retrieved January 30, 2026.
  10. ↑ Wayland, Michael. "Slate Auto says $24,950 electric truck will be profitable; targets positive cash flow next year". CNBC. Retrieved June 24, 2026.
  11. ↑ Molla, Rani. "I drove the Slate Truck — there's more to it than EV minimalism". The Verge. Retrieved June 24, 2026.
  12. 1 2 3 4 5 Vartabedian, Marc (August 14, 2024). "General Catalyst Invests $120 Million Into Startup Focused on U.S. Manufacturing" – via www.wsj.com.
  13. ↑ Bonner, April (June 3, 2026). "Alsym Energy partners with Re:Build Manufacturing to scale US Na-ion BESS".
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