Slate Auto, the new startup EV Buzzy which broke stealth this week, is about to lock an old printing house located in Warsaw, Indiana, like the future production site for its cheap electric truck, according to a public archives exam.
The company should rent the installation of 1.4 million square feet for an undisclosed sum. Economic development officials have declared to local media earlier this year (without naming the slate).
It is not immediately known what this incitement package includes or if it has been finalized. Slate did not immediately respond to a request for comments. Friday in Peggy, the CEO of Kosciusko County Economic Development Corporation declared in an email that it “under a strict agreement without disclosure with the project”.
Slate showed an aerial photo of the factory at Thursday’s event. The company did not say where it was, but the photo corresponds to a public list for the installation available on the Indiana Economic Development Corporation website. Techcrunch previously indicated that the company planned to manufacture its electric vehicles, which will cost less than $ 20,000 after the federal tax credit in Indiana.
“Our truck will be carried out here in the United States as part of our commitment to reindustrialize America,” said Slate CEO Chris Barman, on stage while the factory photo was displayed on a screen behind it.
The accent put by Slate on national manufacturing is integrated into the DNA of the company. The startup was originally created inside Re: Build Manufacturing, a company based in Massachusetts focused on strengthening the country’s capacity to do things.
The Warsaw factory was built in 1958 and was occupied for decades by the RR Dononly printing company. He has been sleeping for about two years, according to local media.
The conversion of a factory, in particular the one that did not previously pump cars, is not a cheap or easy task. Slate has raised a serious war box to help tackle this goal. Supported in part by the founder of Amazon Jeff Bezos, the CEO of Guggenheim Partners, Mark Walter, and the company General Catalyst of Powerhouse VC, the startup has collected much more than $ 100 million to date.
The approach with approach is to design and build your electric truck should also help reduce costs. The company plans to sell wraps for trucks instead of painting them, which means that it does not need to build a painting workshop at the factory. This alone could save hundreds of millions of Ardilles in the process of building the factory.
