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backed EV firm Slate Auto raises $650 million

Published on: April 13, 2026, 8:32 p.m. | Source: The Economic Times

Electric vehicle maker Slate Auto has secured $650 million in funding. The company plans to deliver its first pickup trucks later this year. These trucks are designed to be affordable, aiming to attract customers facing high living costs. Slate Auto expects to invest significantly in its Indiana factory. The funding round was led by TWG Global.

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