Slate Auto Stock: Can a $20K EV Truck Charge Your Portfolio?
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Table of Contents
Notable Slate Auto News
05/08/2025: Slate Confirms $700 Million in Funding, Bezos Investment
05/02/2025: Slate Truck to be Built at a Former Plant in Indiana
04/30/2025: A Small, Affordable Pickup Truck? It’s Finally Here
Older news…
About Slate Auto
Slate Auto is an American electric vehicle (EV) startup based in Troy, MI. It operated in stealth mode until unveiling its first vehicle, the Slate Truck, on April 24, 2025.
The Slate Truck is a bare-bones two-door electric pickup starting at approximately $27,000. The company states the price may drop below $20,000 if current federal incentives remain. The truck features a modular design allowing conversion into a five-seat SUV through an accessory kit, emphasizing user customization and simplicity.
The company plans to build a manufacturing plant in Warsaw, Indiana, and begin truck delivery in Q4 2026. The affordable and customizable Slate Truck is available for reservation on the company website.
Slate Auto has completed Series A and Series B rounds and is partially funded by Jeff Bezos’s investment firm (which invests in dozens of startups and was an early backer of Rivian).
Positioned as a cost-effective alternative in the EV landscape, Slate Auto challenges higher-priced competitors by focusing on essential features and user-driven personalization.
Here’s an informative overview of the vehicle:
Ownership
Slate Auto is a venture-based startup. Owners include founders, employees, and a small pool of well-known venture capital investors.
The company has raised at least $700 million since its founding in 2022.
Prominent venture capital investors include Bezos Expeditions, General Catalyst, TWG Global, Mark Walter (Guggenheim Partners), and Thomas Tull.
Slate Auto Funding Rounds
Round | Date | Est. Valuation | Raise Amount | Price |
---|---|---|---|---|
Series B | 12/01/24 | $1.10B | ~$590.00M | $2.37 |
Series A | 06/22/23 | NA | $110.00M | NA |
Source: Multiple |
Valuation
The Slate Auto valuation is $1.1 billion, as confirmed in an employee email and reported through multiple news channels.
IPO Potential
The Slate Auto IPO date is unknown and likely several years away.
The company only recently emerged from stealth and is refining its car design, building a manufacturing plant, and taking car orders.
An IPO is unlikely until the factory is running, and customers who reserved a vehicle choose to customize and receive their orders.
Multiple electric vehicle companies have gone public through IPOs or SPACs, but building and scaling manufacturing plants is enormously challenging due to the capital investment and specialty machinery and robotics required.
How to Invest in Slate Auto Stock
Slate Auto’s valuation has risen since its last confirmed valuation in mid-2021.
Pre-IPO marketplaces indicate some liquidation from early employees or investors, but volume has muted in the past year.
Aspiring shareholders can increase their chances of investing in Slate Auto shares by taking the actions outlined below.
1. Monitor Slate Auto equity availability on pre-IPO investing platforms
Accredited investors can monitor pre-IPO secondary marketplaces for share availability.
Prominent platforms include Hiive, Forge Global, EquityZen, StartEngine, and Linqto.
Investment minimums on these platforms range from $10,000 to $50,000 or more.
Direct private stock investment and through special purpose vehicles (SPVs) require that investors be accredited.
Non-accredited retail investors can invest in pre-IPO companies via venture capital funds such as the Fundrise Innovation Fund.
However, Slate Auto stock is not currently present in the portfolio. Monitor my Fundrise Innovation Fund review for the latest additions to the fund.
Please note: This is a testimonial in partnership with Fundrise. We earn a commission from partner links on AccessIPOs.com. All opinions are my own.
2. Participate in the Slate Auto IPO via a broker
Slate Auto has not filed for an IPO publicly or confidentially as of Q1 2025. It has previously indicated interest in being a public company and could pursue a public listing in the next few years.
When the company files, retail investors can prepare to invest in the IPO by opening accounts with the following online brokers and watching for IPO opportunities.
Access IPOs monitors growing startups and helps investors gain access to IPO shares. High-demand IPOs can provide opportunities for short-term gains.
Check out this list of the best brokers for IPO investing to learn more about IPO access for retail investors.
3. Invest after the IPO
Investing in a company after it goes public instead of while it is still private can offer several advantages. Here are three key benefits:
- Enhanced Transparency and Regulatory Oversight — Regulatory requirements clearly show a company’s financial health and operational risks, reducing the risk of investing based on incomplete or misleading information.
- Liquidity and Market Accessibility — Publicly traded shares offer significantly more liquidity than private investments. When a company goes public, its shares are listed on stock exchanges, making it easier for investors to buy and sell shares with lower transaction costs. This liquidity provides greater flexibility to adjust investment portfolios in response to market conditions or personal financial needs.
- Market Validation and Price Discovery — The IPO process often validates a company’s value and business model. During an IPO, investment banks and underwriters perform due diligence and market the offering to institutional investors, who, in turn, set an initial trading price based on their analysis. This process helps establish a market-driven valuation, providing individual investors with a reference point that reflects broader market sentiment.
Though investors may lack the patience to invest in innovative companies, stock prices often fall after the IPO, presenting excellent opportunities for long-term buy-and-holding investors.
One of the primary challenges of IPO investors is determining if IPO participation is worth it, or whether we are better off waiting for the stock to fall below its IPO price, which may or may not happen.
Frequently Asked Questions (FAQs)
Is Slate Auto publicly traded?
No. Slate Auto is not publicly traded.
What is the Slate Auto stock symbol?
Slate Auto remains a private company, so there is no stock symbol yet. We won’t know the Slate Auto ticker until it files for an IPO via an S-1 SEC filing.
Until then, we can speculate. Here are a few potential Slate Auto stock symbols that are currently available.
- SLTE
- SLAT
What is the Slate Auto stock price?
A public Slate Auto stock price does not exist because the company remains private. Monitor pre-IPO investing platforms and data providers once secondary transactions begin trading hands.
Where is the Slate Auto S-1 Filing?
Slate Auto has not yet submitted an S-1 filing to the SEC to kick off the IPO process. When it does, we’ll post it here.
The company will likely file confidentially before releasing documentation to the public. That process allows the SEC to comment on the filing for amendments.
News Archive
04/24/2025: Women Are Running America’s New Electric Vehicle Company
04/24/2025: The $20,000 American-made electric pickup with no paint
04/24/2025: Slate Auto to launch electric pickup by late 2026
04/08/2025: Inside the EV startup secretly backed by Jeff Bezos
Conclusion
Slate Auto has the potential to be more than just another failed EV startup — it aims to redefine modern vehicle ownership.
With its minimalist base model, modular design, and low-cost + customizable upgrades pricing model, the company hopes to disrupt an industry that often equates innovation with luxury and excess.
If Slate succeeds, it could lower the cost of electric mobility for working-class Americans, not just the typical affluent early adopters who purchased early Teslas and Rivians.
The company’s ability to secure substantial venture backing while maintaining a lean talent team suggests a calculated long-term strategy rather than a rush to market.
Investors and consumers should view Slate Auto not as a short-term speculation but as a litmus test for the viability of minimalist, affordable EVs in a saturated, premium-price-point market.
Investors interested in Slate Auto stock will likely need to wait for the next private funding round until the valuation rises and private shares become available. Monitor this web page for the latest developments.

Craig Stephens is a former IT professional who left his 19-year consulting career at the IRS to be a full-time finance writer. He started Access IPOs in 2016 to provide a resource for ordinary investors pursuing investment access to IPOs and pre-IPO startups. Craig studied Finance at Michigan State University and lives in Northern Virginia with his wife and three children. Learn more about Craig.
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