Einride's $1.8B SPAC Merger: Autonomous Electric Trucks Go Public
Update: 2025-11-12
Description
Einride, a Swedish electric and autonomous truck startup, is set to go public via a merger with Legato Merger Corporation, valuing the company at $1.8 billion. The merger, expected to close in H1 2026, will list Einride on the NYSE. Founded in 2016, Einride aims to revolutionize the freight industry with electric trucks and autonomous pod-like trucks. The company has successfully expanded beyond Sweden, operating a fleet of 200 heavy-duty electric trucks for major clients like Heineken and PepsiCo. Einrides autonomous pod-like trucks are also gaining traction with customers such as Apotea and GE Appliances. The recent $100 million funding round will support the companys growth and autonomous freight technology deployment.
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