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4w ago

Einride Raises $100 Million to Speed Autonomous, Electric Freight Rollout

A strategic stake from IonQ signals a push into larger deployments with support from EQT Ventures.

An Einride Pod, an electric self-driving truck developed by Einride, which has no cabin for a driver, is shown in this undated handout photo obtained by Reuters on November 3, 2021. Einride/Handout via REUTERS/File Photo
Swedish company Einride is developing fully autonomous electric trucks
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Einride's autonomous electric pod, a truck built without a cab for a driver, on road

Overview

  • Einride secured about $100 million from a mix of existing and new investors, including EQT Ventures and an undisclosed strategic investment from IonQ.
  • The company says the capital will accelerate autonomous freight deployments, expand operations across Europe, North America and the UAE, and deepen technology development including quantum applications.
  • Einride’s ecosystem pairs its Saga planning platform with heavy-duty electric trucks and autonomous pod vehicles serving shippers such as PepsiCo, Carlsberg Sweden, DP World, Apotea and GE Appliances.
  • The raise follows leadership changes with co-founder Robert Falck shifting to executive chairman and former CFO Roozbeh Charli now serving as CEO, while the company did not disclose a valuation.
  • Recent traction includes net sales more than doubling in 2024, expansion into Austria and the UAE, and what the company’s partners describe as the first cableless autonomous border crossing between Norway and Sweden.