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Slate Auto, the electric car startup backed by Jeff Bezos and LA Dodgers owner Mark Walter, will announce pricing and begin taking pre-orders for its low-cost electric car on June 24, ahead of first deliveries later this year.
The company sent out emails to prospective buyers on Thursday urging them to make a $50 deposit now before a $300 order starting next month, in order to take advantage of the “free shipping window.”
Slate previously reported that they will announce prices in June. The FAQ section of a pre-order website launched Thursday indicates the company will announce pricing on June 24. The company did not respond to a request for comment.
The four-year-old company went private in April 2025 after TechCrunch revealed his secret plans to build an affordable, no-frills, custom car. Slate once reported that its EV model — which can be converted from a two-seater to a five-seater SUV, for a fee — would start “under $20,000” with a $7,500 federal tax credit. But the debt was killed by a The Trump administration and Congress at the end of last yearand Slate hasn’t talked about pricing, saying only that the car will start in the mid-$20,000s.
The idea of ​​a simple EV with hand-rolled windows and no paint has resonated with consumers. More than 160,000 potential customers have made a $50 deposit back since the EV was unveiled last year. As other EV startups have shown over the past decade, it’s not easy to convert reservations into actual customers.
To solve this problem, Slate name New CEO in March. The company is now led by Amazon Marketplace vice president Peter Faricy. (Most of Slate’s positions have been filled by former Amazon executives.)
Slate has also developed significant financial resources to tackle the complex task of building and shipping EVs. In April, the company he announced closed a $650 million Series C round, meaning it has raised nearly $1.4 billion to date.
It appears that most of the money has come from Walter’s investment company, TWG Global. Although Bezos participated in Slate’s initial funding round, his stake in the series has never decreased. In May, TechCrunch to be revealed that the manager of his family’s office stepped down from his position on Slate’s board of directors.
This article has been updated to reflect that Slate Auto will announce pricing on June 24.
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