Slate raises another $650M in Series C funding. Preorders sales begin June!

[ScooterAsheville]

https://electrek.co/2026/04/13/slate-auto-closes-funding-round-financial-runway-production/

OK, now I'm significantly less skeptical that Slate will make it to market. They seem to have the cash, and now it's all about execution.

 

[cadblu]

My Slate just moved another foot down the assembly line 😎

 

[Mac-Tyson]

“Our Series C round of funding will enable Slate to reach the next stages of production this year: on time and on budget. We can’t wait for our future customers to preorder their Slate Trucks beginning in June.”

So yeah general sales begin in June alongside fleet sales and the price announcement.

 

[dotcom]

“Our Series C round of funding will enable Slate to reach the next stages of production this year: on time and on budget. We can’t wait for our future customers to preorder their Slate Trucks beginning in June.”

So yeah general sales begin in June alongside fleet sales and the price announcement.

Up to now, I think the response to cost questions has been "More info in June" but now it's "preorders in June"?? That seems like a big deal.

 

[Orley]

$650 Million schedule C funding is a big item checked off my list of concerns. Now give me repair pal in my area for warranty work that is beyond my ability and Slate university. Things are moving along!

 

[AKrietzer]

The nearest Repair Pal location to me is about 120 miles away. I assume more shops will pop up, hopefully closer. I wonder if Slate will offer test drives at Repair Pal locations? Anyway I wouldn't want to order one without a test drive. I made my reservation less than 24 hours after they first started. I am about 300 miles from the factory.

 

[cadblu]

Slate needs to be a little more careful with all that cash in the back of an open pickup.

 

[dotcom]

Slate needs to be a little more careful with all that cash in the back of an open pickup.

Yeah... they should have at least put the fastback kit on it.

 

[dotcom]

Fun fact: If Slate were given $650,000,000 in $100 bills, that would be 7.2 tons, far more than what the Blank Slate can handle (I assume). If that were $1000 bills, it's about .7 tons, which is plausible. If they were in $10,000 bills, that would be like adding an extra rider (~140 lbs).

 

[phidauex]

Fun fact: If Slate were given $650,000,000 in $100 bills, that would be 7.2 tons, far more than what the Blank Slate can handle (I assume). If that were $1000 bills, it's about .7 tons, which is plausible. If they were in $10,000 bills, that would be like adding an extra rider (~140 lbs).

If it were in pennies, how many Slates would be needed to transport it?

Yes, this is a serious question. What else are we supposed to do until June?

 

[dotcom]

If it were in pennies, how many Slates would be needed to transport it?

Yes, this is a serious question. What else are we supposed to do until June?

358,000,000 lbs or 162,500 metric tons. I think every Blank Slate that rolls off the line for the first 3 years would be needed to carry that. That's assuming we're using the bed, not hauling.

For some reason my mind went straight to Super Colon Blow.

 

[sodamo]

If it were in pennies, how many Slates would be needed to transport it?

Yes, this is a serious question. What else are we supposed to do until June?

vs electronic transfer? 😁

oops, sorry no internet in Slate

 

[sodamo]

But the most important is this is exciting, encouraging, only 2+ months and we learn even more, YES!!!!

 

[AeroWolf]

Doing some very rough math.

~= 150,000 reservations
Assume every reservation buys at $25k target Price.

That is $3.75B in revenue if everyone buys

Investor funding around $1.5B. estimate from previous round + latest round of funding.

So Slate needs about half their reservers to follow through to see profits.

Feel free to correct if you have better numbers. I am probably discounting early funding which probably pushes the need to 60-75% of reservation holders to actually buy.

Let's hope the vehicle makes good on our hope/hype.

 

[danielt1263]

We can’t wait for our future customers to preorder their Slate Trucks beginning in June.

I can't help but wonder. What does "preorder" mean in this context? Surely they don't expect people to pay for the truck 6+ months prior to delivery...