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Re:Build, which spun out Slate Auto, raises $2.1B
Overview
Re:Build, the Massachusetts manufacturing accelerator that spun out EV startup Slate Auto in 2023, raised $2.1 billion. It said Tuesday the money will expand capacity to make hard-tech products and launch industrial startups. General Catalyst and JPMorganChase’s Strategic Investment Group led. Other investors were not disclosed.
Key facts
- Jeff Wilke, Amazon’s former commercial CEO, and Miles Arnone co-founded Re:Build in 2020; Wei Gao, a longtime Amazon VP, is chief digital and product officer.
- The firm designs, engineers, and manufactures with industrial partners, including in aerospace and defense, and incubates startups in underserved markets.
- They conceived Slate Auto in 2022, then spun it out to raise money for a customizable ultra-low-cost pickup, with backing that includes Bezos’ family office.
Key figures
- $2.1 billion — Round led by General Catalyst and JPMorganChase’s Strategic Investment Group
- more than 2,100 people — U.S. jobs across Re:Build’s network of companies
- more than 2.4 million square feet — Manufacturing space the network says it houses
- at least $1.4 billion — Capital Slate Auto has raised since spinning out
- hundreds of products and production systems — Output claimed across a six-year existence
Context
Attention and capital are shifting toward U.S. manufacturing and supply chains as a hedge away from China.
What remains uncertain
Headcount and floor-space figures are the company’s claims. Remaining investors were not disclosed.
A concise AI-assisted digest of selected facts. The original publication may contain additional detail and later updates. Company data below is a separate ApplyDjinn observation.
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