Slate Auto, an electric vehicle startup backed by investors including Jeff Bezos and Guggenheim's Mark Walter, has successfully closed its Series A and Series B funding rounds and is preparing for a Series C. The company has amassed a funding pool reportedly valued at $700 million. Since launching its product just two weeks ago, Slate Auto has received over 100,000 reservations for its electric vehicle, which is positioned as a simple, customizable, and affordable option in the EV market. The vehicle is priced around $25,000 before credits, with the final cost potentially dropping below $20,000 after incentives. The startup's SUV model has been described as minimalist, lacking even standard paint, and has been dubbed the "anti-Cybertruck" due to its straightforward design and market approach.