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2h ago

Einride Raises $100 Million With Strategic Investment From IonQ

The cash targets faster deployment of autonomous freight technology across Einride’s commercial programs.

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
Einride's autonomous electric pod, a truck built without a cab for a driver, on road

Overview

  • Einride raised $100 million from new and existing investors, with the company declining to disclose its post‑money valuation.
  • The round included a strategic investment from quantum computing firm IonQ, and EQT Ventures also participated.
  • CEO Roozbeh Charli said the funding will accelerate deployment of the company’s autonomous freight technology and support growth with current customers.
  • Einride is scaling a three-part model spanning electric big rigs, autonomous fixed‑route pod trucks, and shipper planning software for shippers.
  • The company previously secured a $500 million Series C in 2022 comprising $200 million in equity and $300 million in debt led by Barclays Europe.