Why Slauson & Co. Backed EV Startup Slate Auto Early

Discover why LA-based VC Slauson & Co. invested early in Slate Auto's $700M EV mission despite industry headwinds.
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Why Slauson & Co. Backed EV Startup Slate Auto Early
Why Slauson & Co. Invested Early in Slate Auto's $700M EV Journey In an industry where many electric vehicle startups have faltered, one firm saw potential early. Slauson & Co. investment in Slate Auto may have seemed bold in 2023, but it’s proving to be a prescient bet. The LA-based venture capital firm participated in a quiet $100 million Series A round well before Slate Auto went public with its customizable, affordable electric truck. Since then, the EV startup has raised a staggering $700 million in total. With tech titans like Jeff Bezos on board, the spotlight is now on the investors who took the initial risk. So, why did Slauson & Co.—a relatively young firm—place an early bet on a company in a notoriously volatile space? Image Credits:Slate Auto Backing Vision Over Trends: Slauson & Co.’s Belief in Slate Auto Slauson & Co., co-founded by Ajay Relan and Austin Clements in 2020, has never been a firm that follows the herd. Their decision to fund Slate Auto e…