---
title: "Slate Auto closes funding round with enough financial runway to reach next stage of production"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282560176.md"
description: "Slate Auto has successfully closed a Series C funding round, securing sufficient capital to advance its electric vehicle (EV) production in the US. The company, which has been operational for over a year, has a revamped facility in Indiana and aims to launch its flagship EV, priced in the mid-$20k range, by late 2026. With hundreds of millions in funding, Slate Auto is on track to meet its development targets."
datetime: "2026-04-13T14:28:34.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282560176.md)
  - [en](https://longbridge.com/en/news/282560176.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282560176.md)
---

# Slate Auto closes funding round with enough financial runway to reach next stage of production

This morning, Slate Auto announced it has closed a Series C funding round after raising enough capital to continue development into its next stage of EV production in the US.

While we’ve only been reporting on Slate Auto for just over a year since it came out of stealth, its initial team has been working behind the scenes for four years, garnering funding and putting the early business strategy in place to ensure the US EV startup succeeds.

While there is a lot of fun seemingly going on within Slate’s growing team, there’s also significant business growth and development. The young automaker’s acquired facility in Indiana is being revamped to support EV production. As of February, the “Blank Slate” version of the company’s flagship EV is still expected to hit the market at a mid-$20k price.

Last we heard, development was on track for Slate Auto to begin customer EV deliveries in late 2026, and as of this morning, it is flush with hundreds of millions in funding and remains on track for those targets.

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