Slate Auto, the electric vehicle startup backed by Jeff Bezos and Mark Walter, will announce pricing and start taking non-refundable preorders for its low-cost EV on June 24. The company aims to deliver vehicles late this year.

Prior to this, it sent out emails encouraging prospective buyers to make a $50 reservation now ahead of the $300 preorders starting next month. More than 160,000 people have already made refundable $50 reservations since the EV was revealed last year.

The four-year-old company came out of stealth in April 2025, aiming for a low-cost, customizable vehicle. Slate previously suggested the base version would start at 'under $20,000' with a federal tax credit, but that credit has been eliminated. The vehicle is now expected to start in the mid-$20,000 range.

To tackle reservations-to-customers conversion, Slate named Peter Faricy as its new CEO in March. Faricy previously led Amazon's Marketplace division. The company has also raised $650 million in Series C funding, much of it from Walter’s financial firm TWG Global.

While Bezos was involved in the startup’s initial funding, his level of involvement in subsequent rounds remains unclear.