Carvana Gets Warrant to Buy Slate Shares
Get the Energy newsletter
Daily energy & climate — solar, EVs, oil, the policy fights and tech bets shaping the transition. Free.
- Carvana received a warrant in 2025 to purchase shares in Slate, coinciding with Slate's $650 million Series C fundraising.
- Slate is backed by Jeff Bezos and Mark Walter, and Walter’s firm TWG Global is a major investor in Carvana.
- Carvana's dealer acquisitions could reduce dealer opposition to Slate’s direct‑sales model by making Carvana the franchise owner, according to the article.
- Carvana has launched a wholesale auction to offload inventory it does not retail, indicating a broader strategy to handle emerging EV brands.
Why it matters: Carvana’s expanding dealer ownership reduces dealers’ ability to block Slate’s direct‑sales model, while Carvana gains a new distribution channel for emerging EV brands in the U.S., increasing its market share.
Ask SkimNews
