Slate Could Have A Powerful New Friend In Carvana

After a $650 million funding round, Slate's electic pickup is closer than ever to market.

One of Slate's investors could be one of the industry's biggest names in used car sales, TechCrunch reports.

It's not clear if Carvana has taken a stake in Slate, or if the companies are exploring deeper partnerships.

Slate—the underdog startup with a plastic-bodied electric pickup—is getting closer to launching its low-cost EV. And as any of the many failed EV companies can tell you, building a brand new car from scratch is very, very expensive.

Thankfully, investors exist for this very reason. Tesla had Elon Musk in its early days, Rivian had Amazon, and Slate? Well, Slate has Amazon founder Jeff Bezos and a growing slate of other partners. One of those investors could be Carvana, according to documents uncovered by TechCrunch. Paperwork filed with Delaware's Division of Corporations around the time of Slate's recent $650 million Series C funding round reportedly grants Carvana a warrant to buy an unknown number of shares in the EV startup.