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Einride, a Swedish startup specializing in electric and autonomous trucks, announced plans to go public through a SPAC merger with Legato Merger Corp. This deal values the company at $1.8 billion in pre-money equity and is expected to generate around $219 million in gross proceeds. The merger is set to close in the first half of 2026, with Einride making its debut on the New York Stock Exchange. Founded in 2016, the company aims to revolutionize the freight industry with electric trucks and autonomous pods. The startup, led by CEO Roozbeh Charli, has already expanded its operations to Europe, North America, and the UAE, working with major brands like Heineken and PepsiCo.
Key facts
- Einride plans to go public via a SPAC merger with Legato Merger Corp, valued at $1.8 billion in pre-money equity.
- The SPAC merger is expected to generate around $219 million in gross proceeds and potentially up to $100 million in private investment.
- Einride will make its public debut on the New York Stock Exchange in the first half of 2026.
- The company, founded in 2016, focuses on transforming the freight industry with electric and autonomous trucks.
- Einride operates a fleet of 200 heavy-duty electric trucks in Europe, North America, and the UAE, working with major clients like Heineken and PepsiCo.
TAGS:
#autonomous vehicles #Einride #electric trucks #funding #innovation #logistics #self-driving trucks #SPAC merger #Tech startup #venture capital
