Einride's $1.8B SPAC Merger: Electric, Autonomous Vehicles
Update: 2025-11-13
Description
Swedish electric and self-driving vehicle pioneer, Einride, is set to go public via a merger with Legato Merger Corporation Three, valuing the company at $1.8 billion. This deal is expected to bring in $219 million before expenses. Einride, founded in 2016, has been a leader in freight technology, securing permits for autonomous vehicles in Europe and the US, with zero traffic incidents. They serve over 25 enterprise customers and manage a fleet of 200 electric vehicles, with advanced autonomous deployments with clients like GE Appliances. The transaction is set to close in H1 2026, with existing shareholders owning 83% post-closing. Einride plans to expand its US operations, creating new jobs.
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