Slate Auto will start taking orders for its low-cost EV on June 24

Slate Auto plans to begin taking orders for its low-cost electric vehicle on June 24, signaling a major milestone for the startup. Deliveries are targeted for late this year, as the company transitions from stealth mode to customer fulfillment. Pricing remains under discussion, with prior statements pointing to a mid-$20,000 starter price and a basic, no-frills configuration. Slate has raised approximately $1.4 billion to date, including a $650 million Series C closed in April, with backers led by TWG Global. The company has drawn more than 160,000 potential buyers via refundable $50 reservations, though actual conversion remains a challenge.

In March, Slate appointed former Amazon executive Peter Faricy as CEO to steer production, expand partnerships, and accelerate go-to-market strategies. The company’s leadership has leaned on ex-Amazon talent for operational discipline, while early backers including Jeff Bezos’ family office have supported financing rounds. TechCrunch reported in May that board positions shifted as the investor mix evolved and leadership responsibilities shifted. Slate also continues to emphasize a simple, customizable EV concept, aiming to reach a broad customer base without sacrificing safety or reliability.