computer-science
Carvana ties up with Bezos-backed Slate Auto as it plans new car sales
Key takeaways
- Carvana has been granted the option to invest in Slate Auto, the electric vehicle startup backed by Jeff Bezos, according to documents obtained by Tech Crunch.
- The transaction with Carvana comes as the retailer is looking at ways to expand into new car sales, according to the Wall Street Journal.
- Slate Auto is also just weeks away from announcing final pricing and taking the first non-refundable preorders for its low-cost EV, which is expected to start in the mid-$20,000 range.
Carvana has been granted the option to invest in Slate Auto, the electric vehicle startup backed by Jeff Bezos, according to documents obtained by Tech Crunch.
Paperwork filed with Delaware s division of corporations shows that the online used car retailer was given a warrant to buy shares in the startup in 2025 around the same time Slate Auto was starting to put together its $650 million Series C funding round.
It s not clear if Carvana has exercised that warrant, or how many shares it is allowed to buy. Carvana declined to comment, and Slate Auto didn t respond to requests for comment on the deal.
Article preview — originally published by TechCrunch. Full story at the source.
Read full story on TechCrunch →
More top stories
Aggregated and edited by the Scoop newsroom. We surface news from TechCrunch alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop