Led by Elev8 Venture Partners and Claypond Capital, the round includes equity investors like Singularity AMC, Anicut Capital, 360 ONE Asset, JIF Capital and HDFC AMC, while Alteria Capital, Innoven Capital and Stride Ventures provided the venture debt. Existing backers Yamaha Motor Corporation, Al Futtaim Group and Mitsui & Co. also participated.
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The electric vehicle company Slate Auto set out in 2022 to make the most affordable electric truck in the country.…
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