News Brief

Slate Auto Raises $650M for Affordable Electric Trucks

Dhivox

13 Apr 2026 — 1 min read

Slate Auto Lands $650M to Build Affordable Electric Trucks

Slate Auto, an electric vehicle startup focused on affordable pickup trucks, has raised $650 million in its latest funding round. The investment was led by TWG Global, a firm run by LA Dodgers owner Mark Walter, alongside other existing investors backing the company's mission to bring EVs to working professionals and small business owners.

Why it matters to small business owners: If Slate Auto succeeds, it could change the economics of running a fleet. Right now, electric pickup trucks cost significantly more than traditional gas models, making it hard for small contractors, plumbers, and delivery businesses to make the switch. Affordable EV trucks could reduce your fuel and maintenance costs while qualifying you for tax incentives. This funding shows serious money is backing the effort to make that happen.

The timing matters too. As gas prices fluctuate and environmental regulations tighten in many states, having access to an affordable electric truck option could become a real competitive advantage. Businesses that electrify early might also qualify for fleet rebates and grants that could offset the upfront costs.

What to watch: Keep an eye on when Slate Auto announces production timelines and actual pricing. The company still needs to prove it can manufacture vehicles at scale and hit price points that make sense for small business budgets. Also watch for any state or federal incentive programs that might stack discounts on top of lower EV prices—those could be game-changers for your bottom line.

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Slate Auto Lands $650M to Build Affordable Electric Trucks

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