If recent reports are accurate, Jeff Bezos wants to do this with electric vehicles, foreign media write, reports Telegraph.

According to a recent report from TechCrunch, Bezos is investing in Troy, Michigan-based EV startup Slate Auto, which plans to build a two-seat electric pickup truck that will have a starting price of $25,000.

The company was founded in 2022 from the Amazon founder’s investment in another company called Re:Build Manufacturing, and is relatively unknown, especially compared to other high-profile startups.

Jeff Bezos is backing a new electric vehicle (EV) startup called Slate Auto, which aims to build an affordable $25,000 pickup truck. This venture is part of Bezos’ vision to make electric vehicles accessible to the masses, much like Henry Ford did with the Model T.¹

# Key Features of the Truck
– *Two-seat design*: The truck will have a two-seat configuration, making it a compact and affordable option.
– *Electric powertrain*: The vehicle will be powered by an electric motor, offering a sustainable alternative to traditional gas-powered trucks.
– *Price point*: The truck is expected to be priced around $25,000, making it an attractive option for budget-conscious buyers.

# Slate Auto and its Backing
– *Jeff Bezos’ investment*: Slate Auto is backed by Jeff Bezos, who is investing in the company through his investment firm, Bezos Expeditions.
– *Funding*: The company has already secured over $111 million in funding, which will help support the development and production of the truck.
– *Leadership*: Slate Auto has assembled a team of experienced executives from major automakers, including Ford, General Motors, and Stellantis.²

# Production and Timeline
– *Production start*: The truck is expected to enter production in late 2026.
– *Manufacturing location*: The company plans to build the truck near Indianapolis, Indiana.
– *Market impact*: The affordable pricing and electric powertrain could potentially disrupt the EV market and make electric vehicles more accessible to a wider audience.