Amazon founder Jeff Bezos has been secretly backing an electric vehicle (EV) start-up based in Michigan, dubbed Slate Auto, according to TechCrunch.
The company has been operating quietly since 2022 and is being heavily hyped-up in the media for its impressive backings.
Not only does the company have support from Bezos but also covertly raised at least $111 million in a funding round, according to a public filing report.
Many of the company hires have come from Ford, General Motors, Stellantis, and Harley-Davidson, according to TC.
Much of the hype around the new company is also due to its solution to simplify the purchasing of an EV and make it more affordable – some have speculated that starting prices of its EV trucks will be sub-$25,000.
The company’s biography on LinkedIn reads a simple yet ambiguous line: “Exploring Opportunities in the Electric Vehicle Space.”
Images of its potential designs have been circulating on Reddit:
What is this car?
byu/discostranger09 inwhatisthiscar
Slate Auto is set to fully reveal itself on the 24th April.
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