Amazon Founder Jeff Bezos Secretly Backs EV Start-Up That Aims to Launch $25K Electric Truck

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Slate Auto seems to have quietly secured substantial financial backing, reportedly raising at least $111 million in a Series A funding round in 2023. The automaker allegedly informed its employees that it completed its Series B investments by the end of last year, though this information has not yet been submitted to the Securities and Exchange Commission. Nevertheless, Delaware filings indicate that Slate Auto authorised approximately 500 million preferred shares for the second round, valued at $2.37 per share.

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