While the news had largely leaked out already, we now know a lot more about EV startup Slate, as well as who is behind it and how much cash the company has to play with. It’s a huge number, with Amazon founder Jeff Bezos and his management firm making up a big share of the pot. But when established car companies spend multiple billions developing a new model, Slate’s $700 million bank account feels like a very small figure to help get it from concept to driveway to battle against big-dollar development vehicles like the Ford Maverick.
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