An EV startup based in Troy, with auto industry veterans running the show and big money backing, building a no-frills vehicles in Indiana?
Man does this story sound familiar.
Oh, yeah, now I remember!
Electric Last Mile Solutions! They were an EV startup based in Troy, just a few miles from Slate. They had big dollar investors and former auto industry executives on-board. They had a manufacturing facility lined up in Indiana too, just like Slate. They weren't going to build quirky small pickups though, they were going to build quirky small delivery vans. Same concept though: Nothing extravagant, very modular, just inexpensive, purpose build vehicles to satisfy a niche.
They filed Chapter 7 in 2022.