Slate Auto, an electric vehicle startup, has raised a total of $700 million and aims to offer customizable electric trucks at affordable prices. Earlier in 2023, the company raised over $100 million in a Series A round, with notable investors including Jeff Bezos. Slauson & Co., a venture firm from Los Angeles, publicly supported Slate's mission despite industry challenges like EV bankruptcies. The firm’s partners, Ajay Relan and Austin Clements, aim to empower underrepresented communities in tech innovation, drawing on their own South Central Los Angeles backgrounds.
Slauson & Co. partner Ajay Relan highlighted that despite the bankruptcies in the EV startup sector and challenging regulations facing green energy, they support Slate's mission of providing affordable and customizable trucks.
Relan emphasized the cultural capital of their South Central Los Angeles roots, portraying their mission to bridge the gap between underrepresented communities and the innovation economy.
Collection
[
|
...
]