Jeff Bezos backed Slate Auto says it will reveal official pricing for its affordable electric pickup truck in June. CEO Chris Barman confirmed the base version, called the Blank Slate, will land in the mid $20,000 range as the company finalizes supplier negotiations.

Slate previously drew attention by teasing a $20,000 electric pickup, a figure that assumed the now rescinded $7,500 federal EV tax credit. Even without that incentive, the company says pricing will remain well below most electric trucks currently on the market.

The startup has already reported more than 150,000 reservations and has raised over $111 million in Series A funding. Investors include Jeff Bezos and Mark Walter, signaling strong financial backing despite a crowded EV landscape.

Slate’s pickup focuses on radical cost control and customization. The base model skips paint, power windows, and a stereo, offering a 150 mile range from a 52.7 kWh battery and a 1,400 pound payload, while an upgraded battery extends range to 240 miles.

The truck can also be converted into a small SUV, appealing to buyers who want flexibility without paying premium EV prices. That positioning directly challenges Tesla, which still dominates U.S. EV sales.

As affordability becomes a central theme across the auto industry, Slate’s June pricing reveal could test whether stripped down electric vehicles can finally reach mass market adoption.