Key facts
- Re:Build raised $2.1 billion in a funding round led by General Catalyst and JPMorgan Chase's Strategic Investment Group.
- The funds will be used to expand Re:Build's capacity for hard tech products and launch new industrial startups.
- Re:Build claims to have launched hundreds of products and production systems.
- The company's network employs over 2,100 people in the U.S. and has 2.4 million square feet of manufacturing capacity.
- Slate Auto, a Re:Build spin-off, aims to build ultra low-cost pickup trucks.
Re:Build, a manufacturing accelerator that spun out EV startup Slate Auto in 2023, announced on Tuesday that it has raised $2.1 billion. The company intends to use the funds to expand its capacity for manufacturing hard tech products and to launch new industrial startups, with the goal of strengthening US manufacturing and supply chains. The investment was led by General Catalyst and JPMorgan Chase's Strategic Investment Group. Re:Build, founded in 2020, aims to counter the deindustrialization of America and restore the nation's industrial capabilities. The company operates by partnering with industrial firms to design and manufacture products and by incubating startups in critical markets. Its network employs over 2,100 people in the U.S. and encompasses 2.4 million square feet of manufacturing space. Slate Auto, a spin-off from Re:Build, has independently raised at least $1.4 billion to develop low-cost pickup trucks.