Re:Build, which spun out Slate Auto, raises $2.1B

Massachusetts-based manufacturing accelerator Re:Build, which spun out EV startup Slate Auto in 2023, has raised $2.1 billion. The round was led by General Catalyst and JPMorganChase's Strategic Investment Group, with funds going to expand hard tech manufacturing and launch new industrial startups.

• The $2.1B round was led by General Catalyst and JPMorganChase
• Re:Build spun out Slate Auto in 2023; Slate has raised at least $1.4B
• Re:Build's network employs over 2,100 people and 2.4M sq ft of capacity
• Co-founder Jeff Wilke is Amazon's former commercial CEO