Slate Auto will announce pricing and begin taking non-refundable preorders for its low-cost EV on June 24, after emailing prospective buyers to reserve a spot with a $50 payment before $300 preorders launch next month.
On June 24, Slate Auto will put numbers on its low-cost electric vehicle—and ask buyers to commit. Ahead of the company’s first deliveries later this year. the EV startup plans to announce pricing and begin taking non-refundable preorders. marking another step in its push to move reservation interest into paid orders.
The company sent emails to prospective buyers on Thursday encouraging them to make a $50 reservation now. Those reservations are meant to help customers secure a “delivery window before non-reservers” when the $300 preorders start next month.
Slate had said it would announce pricing in June, and an FAQ section on the preorder page that went live Thursday spells out the date: June 24 for pricing. The company did not respond to a request for comment.
The stakes here are simple for buyers and hard for startups. Slate has been marketing an EV concept aimed at lower cost and minimal frills—an approach that helped draw attention early. including more than 160. 000 potential customers who made refundable $50 reservations after the company revealed its plan last year. But turning those reservations into actual customers has never been easy across the EV industry.
Slate’s pricing path has also been turbulent. At one point. the company touted that a base version of its vehicle—convertible from a two-seater truck to a five-seater SUV—would start at “under $20. 000. ” backed by a $7. 500 federal tax credit. That credit was killed by the Trump administration and Congress late last year. Since then, Slate has stayed guarded about final pricing, saying only that the vehicle will start in the mid-$20,000 range.
To manage the conversion challenge and the buildout required for an EV, Slate brought in new leadership in March. The company is now led by former Amazon Marketplace vice president Peter Faricy, and many of Slate’s leadership roles have been filled by ex-Amazon executives.
Financial backing has been another focus, because building and shipping an EV demands capital at every stage. In April, Slate announced it closed a $650 million Series C funding round, bringing its total raised to roughly $1.4 billion to date.
Much of that money appears to have come from TWG Global. the financial firm tied to Mark Walter. the LA Dodgers owner who backs the startup. Jeff Bezos was involved in Slate’s initial funding. though the extent of his participation in later rounds hasn’t been pinned down. In May. it emerged that Bezos’s family office manager stepped down from her position on Slate’s board of directors.
Slate entered public view after coming out of stealth in April 2025. when TechCrunch revealed its plans to build a low-cost. no-frills. customizable vehicle. The company has previously said first deliveries are expected late this year—setting up June 24’s pricing announcement and next month’s $300 preorders as the next moment when interest is tested against payment.
Slate Auto EV startup June 24 pricing non-refundable preorders Jeff Bezos Mark Walter TWG Global Peter Faricy Series C funding low-cost electric vehicle