Re:Build, the company that spun out Slate Auto, raises US$2.1 billion

The Massachusetts manufacturing accelerator says it will use the money to expand its capacity to build hard tech products and launch new industrial startups. General Catalyst and JPMorganChase's Strategic Investment Group led the round.

People employed by its companies in the U.S.

2,100 + jobs

Re:Build says its network of companies employs more than 2,100 people in the United States and has 2.4 million square feet of manufacturing capacity.

Slate Auto, spun out in 2023, has raised at least US$1.4 billion for a low-cost, bare-bones pickup truck. The funding comes as more capital flows to U.S. manufacturing as a hedge against China.