Slate Auto Secures $650 Million in Series C Funding

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Slate Auto, a manufacturer of customizable electric trucks, has closed a $650 million Series C funding round. The new capital will support production milestones, reindustrialization of the company's Warsaw, Indiana factory, job creation, and the buildout of a nationwide service and charging network for future Slate Truck owners.

Why it matters

This major funding round demonstrates investor confidence in Slate Auto's mission to develop an affordable, customizable electric truck that can compete with traditional gas-powered pickups. The investment will help Slate accelerate its manufacturing capabilities and infrastructure to better serve customers across the country.

The details

Slate Auto plans to use the $650 million in Series C funding to reach key production milestones, reindustrialize its factory in Warsaw, Indiana, create new jobs, and establish a nationwide network of service centers and charging stations for its future electric truck models.

• Slate Auto closed its $650 million Series C funding round on April 16, 2026.

What’s next

With the new funding secured, Slate Auto will accelerate its production timeline and continue expanding its service and charging infrastructure to support the launch of its first electric truck model.