Electric pickup startup Slate Auto raised $650 million in funding as it nears production of its radically simplified, low-cost truck. The vehicle uses only 600 parts, features unpainted plastic panels, and starts in the mid-$20,000s to undercut competitors like the Ford Maverick. This approach targets consumers seeking a bare-bones, affordable electric pickup.
Background
The EV startup landscape has seen various approaches, from luxury sedans to tech-focused vehicles, but affordable mass-market options remain challenging. Federal tax credit changes have impacted pricing strategies for new entrants.
- Source
- Ars Technica
- Published
- Apr 13, 2026 at 10:35 PM
- Score
- 6.0 / 10