$700M Series B funding round investment for Slate Auto!

[Cody]

Update/Correction (May 8, 2025)

Slate Auto confirmed today that it has $700 million in investments through Series A and Series B funding. So it's not quite 1 billion yet, but still well funded at its current stage.

https://www.newsweek.com/slate-auto-confirms-funding-bezos-involvement-2069605

Slate Auto, the startup electric vehicle manufacturer, today confirmed to Newsweek that the company raised $700 million total through Series A and B funding, with the last round closing in late 2024.

The funding comes from Bezos Expeditions, General Catalyst and TWG Global, among other investors though the amount each firm provided is unconfirmed.

Bezos Expeditions is an American investment firm that manages Amazon founder Jeff Bezos's personal investment portfolio.

General Catalyst, a venture capital firm, has a varied portfolio that also includes cosmetics company Beauty Pie, image software company Canva and online travel search tool Kayak, among others.

TWG Global is a holding company that has other automotive industry investments, most notably Cadillac's Formula 1 team.

 

[TabulaRasaMotors]

Good news! It will be interesting to see where most of the funding is coming from.

 

[Cody]

Good news! It will be interesting to see where most of the funding is coming from.

Just added this part from the Tech Crunch article about the Series B funding:

The Delaware paperwork also lists [Mark] Walter and [Thomas] Tull as new board members, suggesting the two invested in Slate’s Series B round. The two recently formed a $40 billion holding company to make investments. Walter and Tull could not be reached for comment.

 

[TabulaRasaMotors]

Just added this part from the Tech Crunch article about the Series B funding:

The Delaware paperwork also lists [Mark] Walter and [Thomas] Tull as new board members, suggesting the two invested in Slate’s Series B round. The two recently formed a $40 billion holding company to make investments. Walter and Tull could not be reached for comment.

Those guys sound interesting with some good investment backgrounds. They will definitely be showing off the SLATE at their athletic organizations.

 

[Cody]

Those guys sound interesting with some good investment backgrounds. They will definitely be showing off the SLATE at their athletic organizations.

Yea these are guys who know what they're doing when it comes to business investments. To me, the billion raised in second funding round further legitimizes the Slate Auto's product and business plan.

BTW, cool "Blank Slate" latin username

 

[TabulaRasaMotors]

Yea these are guys who know what they're doing when it comes to business investments. To me, the billion raised in second funding round further legitimizes the Slate Auto's product and business plan.

BTW, cool "Blank Slate" latin username

Agreed, and thanks 👊

 

[JeffVA]

Wow!!!
I guess a $1b investment pretty much guarantees the Slate is getting made. I can't wait to be one of the first to own one like I'm sure the rest of you are.

Now that all the pieces are falling in place I can't wait to find out how their Direct-to-Consumer sales and service and support are going to work.

Good job Slate!

 

[Tran]

Slate Auto confirmed today that it has $700 million in investments through Series A and Series B funding. So it's not quite 1 billion yet, but still well funded at its current stage.

https://www.newsweek.com/slate-auto-confirms-funding-bezos-involvement-2069605

Slate Auto, the startup electric vehicle manufacturer, today confirmed to Newsweek that the company raised $700 million total through Series A and B funding, with the last round closing in late 2024.

The funding comes from Bezos Expeditions, General Catalyst and TWG Global, among other investors though the amount each firm provided is unconfirmed.

Bezos Expeditions is an American investment firm that manages Amazon founder Jeff Bezos's personal investment portfolio.

General Catalyst, a venture capital firm, has a varied portfolio that also includes cosmetics company Beauty Pie, image software company Canva and online travel search tool Kayak, among others.

TWG Global is a holding company that has other automotive industry investments, most notably Cadillac's Formula 1 team.