Einride
Cabless autonomous and electric road freight, with Saga AI orchestration
Stockholm, Sweden~375-420Founded 2016~$978M (incl. SPAC PIPE + cash-in-trust) raised$1.35B pre-money / $1.8B post-deal target valuationeinride.tech
SectorsSemi Trucks
Total Raised (pre-SPAC)
~$645M equity
Plus $333M from SPAC PIPE + trust
Target Listing Valuation
$1.8B
Pre-money $1.35B
Driverless Operating Hours
>1,700
Contracted customer ops
Amazon Relay Trucks
75
Across 5 US sites; up to 3M miles/yr
Annual Revenue (FY2025E)
~$52M (per third-party data)
Operating Regions
EU, US, Middle East
Funding History
Total raised: ~$978M (incl. SPAC PIPE + cash-in-trust) · Latest valuation: $1.35B pre-money / $1.8B post-deal target
| Round | Date | Amount | Valuation | Key Investors |
|---|---|---|---|---|
| Seed | 2017 | $10M | — | |
| Series A | 2019 | $25M | — | EQT VenturesEricsson VenturesNordicNinja |
| Series B | May 2021 | $110M | — | Soros Fund ManagementTemasekMaersk Growth |
| Series C | Jun 2022 | $500M | — | TemasekAMFSoros Fund ManagementEQT Ventures |
| SPAC PIPE | Feb 2026 | $113M (oversubscribed) | $1.35B pre-money | EQT VenturesWest Coast US asset manager (undisclosed)existing investors |
| SPAC merger (Legato Merger Corp. III) | H1 2026 (planned) | ~$220M cash-in-trust + $113M PIPE = ~$333M gross | $1.8B (announced Nov 2025) | Legato Merger Corp. III |
Product Specifications
| Spec | Einride Pod (autonomous) | Einride Electric Truck | Saga AI Platform |
|---|---|---|---|
| Type | Cab-less autonomous electric truck | Manually operated Class 8 BEV (used in customer fleets, e.g., Amazon) | Fleet orchestration, charging, and route optimization |
| Range | ~180 km (112 mi) per charge | Varies by OEM model in fleet | N/A — software platform |
| Payload | 16 tonnes | Standard Class 8 payload | N/A |
| Autonomy | SAE Level 4 (remote monitoring via Control Tower) | Driver-operated | AI-driven routing, load and charging optimization |
| Use Case | Hub-to-hub freight, GE Appliances daily route | Middle-mile freight (Amazon Relay, etc.) | Mixed fleet management (electric, autonomous, manual) |
| Status | >1,700 contracted driverless hours; in commercial operation in US and Sweden | Deployed at Amazon (75 trucks across 5 sites, up to 3M miles/yr) | Commercially deployed across Europe, US, and Middle East |
Partnerships & Investors
AmazonCustomer
75 electric Class 8 trucks deployed across 5 Amazon Relay middle-mile sites; Saga AI manages charging and optimization for select loads (Apr 2026)
GE AppliancesCustomer
First full-time daily commercial autonomous route in the US; operating between Selmer, TN factory and warehouse
PepsiCoCustomer
Electric freight operations in customer fleet
HeinekenCustomer
Electric freight operations
DP WorldCustomer
Operating partner in Middle East logistics
Mars / Carlsberg / Lidl / PhilipsCustomer
European electric freight operations across CPG and retail clients
MaerskLitigation Counterparty
300-truck 2022 deal collapsed; Einride filed wrongful-termination lawsuit in California Nov 2025
TemasekStrategic Investor
Multi-round investor (Series B, Series C)
EQT VenturesStrategic Investor
Repeat investor through Series A, C, and SPAC PIPE
Legato Merger Corp. IIISPAC Counterparty
Merger announced Nov 2025; closing targeted H1 2026
Key Milestones
2016
Company Founded
Robert Falck founds Einride in Stockholm, Sweden
2017
T-pod Concept Unveiled
First autonomous electric transport pod concept revealed
2019
First Public Road Operation
Einride's Pod operates on a public road in Sweden, a world first for an autonomous electric truck
2020
US Market Entry
Expands operations to the United States
May 2021
$110M Series B
Temasek and Soros Fund lead major funding round
Jun 2022
$500M Series C
Largest raise to date, accelerating global fleet expansion
2023
GE Appliances Daily Autonomous Route
First full-time daily commercial autonomous route in the US, operating between GE Appliances' Selmer, TN factory and warehouse
Oct 2024
Maersk Reassessment
Maersk informs Einride it cannot continue under existing terms; rollout of 300-truck deal stalls
Nov 2025
SPAC Deal Announced
Agreement to merge with Legato Merger Corp. III at a $1.8B target valuation, with NYSE listing planned (later updated to Nasdaq)
Nov 2025
Maersk Lawsuit Filed
Einride sues Maersk in the LA Superior Court alleging wrongful termination of the 300-truck 2022 agreement
Feb 2026
$113M PIPE
Oversubscribed PIPE financing closes ahead of public listing at $1.35B pre-money
Apr 2026
Amazon Relay 75-Truck Deal
Deploys 75 manually operated electric Class 8 trucks across 5 US Amazon Relay middle-mile sites; Saga AI handles charging/optimization for select loads