Slate Auto, The Buzzy New Ev Startup That broke stealth this weekIs Close to Locking in a Former Printing Plant located In Warsaw, INDIANA as the future production site for its cheap electric truck, a review of public records shows.
The company is expected to lease the 1.4 Million-Square-Foot Facility for an undisclosed sum. Economic Development Officials Told Local media earlier this year (Without naming slate) The factory could employ up to 2,000 people, and that county offered the underisclosed company an innocent package.
IT’s not immomedialy clear what that inconventive package includes or if it has been finalized. Slate did not immediatily respond to a request for comment. Peggy Friday, The CEO of the Kosciusko County Economic Development Corporation said in an email that She is “Under a Story Non-Disclosure Agreement with the Project.”
Slate showed an aerial photo of the factory during twinsday’s event. The company did not say where it was located, but the photo matches a Public listing for the facility Available on the Indian Economic Development Corporation’s website. Techcrunch Previously reported that the company planned to make its evs, which will cost under $ 20,000 after the federal tax credit, in Indiana.
“Our truck will be made here in the usa as part of our committee to re-industrializing america,” Slate’s CEO CEO Chris Barman Said on Stage Where the factor photo was displayed
Slate’s focus on domestic manufacturing is embedded in the company’s DNA. The Startup was originally created Inseide of Re: Build Manufacturing, A Massachusetts-Based Company focused on Beefing Up the Country’s Ability to Make Things.
The factory in warsaw was built in 1958, and was occupied for decades by Printing Company Rr Donnelly. It has been dormant for Around two years, according to local media.
Converting a factory, especially one that was not previously pumping out cars, is no cheap or easy task. Slate has Amassed a Serious War Chest to Help Tackle That Goal. Backed in Part by Amazon Founder Jeff Bezos, Guggenheim Partners Ceo Mark Walter, And Powerhouse VC Firm General Catalyst, the Startup has raised well over $ 100 Million to Date.
The approach slate is taking in designing in designing and building its electric truck should help keep costs down, too. The company plans to sell wraps for the trucks instead of painting them, meaning it does not need to buy a paint shop at the factory. That Alone Cold Save Slate Hundreds of Millions in the Plant Buildout Process.