Funding round
Slate Auto Series C
Slate Auto, which works in electric vehicle manufacturing in Troy, raised $650M in a Series C round announced on 13 Apr 2026, led by TWG Global. 1 firm took part. It is Slate Auto's second venture round on record; the one before was a Series A in May 2025.
$650M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Slate Auto did not disclose a valuation in this round. It came 11 months after Slate Auto's Series A. It is 48% of the $1.35B Slate Auto has raised in the venture rounds on record. No later venture round is on record for Slate Auto.
Slate Auto's funding rounds
Slate Auto has 2 venture rounds on record. This one is highlighted.
- Series A 24 May 2025 $700M
- Series C this round 13 Apr 2026, led by TWG Global $650M
Investors
Who put money in
TWG Global led the round.
Lead investor
- backs 4 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and scaling operations.
- Product development
- Scaling operations
Comparable rounds
How it compares
The closest in time, other companies' Series C rounds in Automobile Dealers & Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| ALSO Automobile Dealers & Manufacturers | 31 Mar 2026 | $200M | $1.00B | Greenoaks |
| Automobile Dealers & Manufacturers | 21 Jul 2026 | $148M | not disclosed | not named |
| Automobile Dealers & Manufacturers | 12 Nov 2025 | $160M | not disclosed | FedEx and Capricorn's Technology Impact Fund |
| Automobile Dealers & Manufacturers | 7 Jul 2025 | $82M | not disclosed | Northzone and HV Capital |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Slate Auto raise in its Series C round?
Slate Auto raised $650M in its Series C round, announced in Apr 2026.
Who led Slate Auto's Series C round?
TWG Global led it.
What was Slate Auto's valuation at the Series C round?
It was not disclosed.