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📂 **Category**: Transportation,electric vehicles,EVs,slate auto
💡 **What You’ll Learn**:
Slate Auto, the electric vehicle startup backed by Jeff Bezos and Los Angeles Dodgers owner Mark Walter, will announce pricing and begin taking non-refundable pre-orders for its low-cost electric vehicle on June 24, ahead of the first deliveries late this year.
The company sent out emails to potential buyers on Thursday encouraging them to make a $50 reservation now before $300 pre-orders starting next month, in order to get a “delivery window before non-reservations.”
Slate previously said it would announce pricing in June. An FAQ section on the pre-order page posted on Thursday shows that the company will announce pricing on June 24. The company did not respond to a request for comment.
The four-year-old company came out of stealth in April 2025 after TechCrunch revealed its secret plans to build a low-cost, no-frills, customizable car. Slate once noted that the base version of its EV — which can be converted from a two-seat truck to a five-seat SUV, for a price — would start at “less than $20,000” with a $7,500 federal tax credit. But that credit was killed by the Trump administration and Congress late last year, and Slate has remained mum on pricing, saying only that the car will start in the mid-$20,000 range.
The idea of a simple electric car with manual windows and no paint resonated with consumers. More than 160,000 potential customers have made $50 refundable reservations with the startup since it unveiled the electric vehicle last year. As other electric vehicle startups have shown over the past decade, it’s not easy to convert reservation holders into customers.
To help address this issue, Slate appointed a new CEO in March. The company is now headed by former Amazon Marketplace Vice President Peter Faricy. (Several leadership positions at Slate have been filled by former Amazon executives.)
Slate has also mustered some serious financial muscle to tackle the difficult task of building and charging an electric car. In April, the company announced that it closed a $650 million Series C funding round, meaning it has raised nearly $1.4 billion to date.
Much of this funding appears to have come from Walter’s financial company, TWG Global. While Bezos participated in Slate’s initial funding, his level of involvement in successive rounds has never been determined. In May, TechCrunch revealed that his family office manager had resigned from her position on Slate’s board.
This story has been updated to reflect that Slate Auto will announce pricing on June 24.
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