Einride, the Swedish firm specialised in autonomous freight know-how, has introduced that it’ll go public by means of a enterprise mixture with Legato Merger Corp. III.
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Stockholm-based Einride, a freight know-how firm offering digital, electrical and autonomous transport for street freight, has introduced plans to go public on the NYSE (New York Inventory Trade) by means of a enterprise mixture with Legato Merger Corp at a pre-money fairness valuation of $1.8B.
“In the present day marks a defining second for Einride and for the way forward for freight know-how,” says Roozbeh Charli, CEO of Einride. “We’ve confirmed the know-how, constructed belief with world clients, and proven that autonomous and electrical operations aren’t simply potential, however higher. This Transaction positions us to speed up our world growth and proceed to ship with pace and precision for our clients. The inspiration is constructed, the demand is obvious, and our focus is on execution and delivering the way forward for freight.”
The transaction goals to create a premier autonomous and electrical freight know-how platform by merging Einride’s operations in seven international locations.
After the transaction, the brand new firm will serve over 25 enterprise clients and handle round 200 electrical autos, increasing its autonomous providers with shoppers like GE Home equipment and Apotea, Sweden’s high on-line pharmacy.
The announcement comes over a month after elevating €85.1M in funding from current and new buyers.
Phrases of the transaction
The cope with Legato Merger Corp is anticipated to generate $219M in gross proceeds earlier than redemptions, bills, or further financing.
The Swedish firm can also be looking for as much as $100M in PIPE (non-public funding in public fairness) financing.
The transaction is additional strengthened by $100M in crossover capital raised in 2025, backed by current and new institutional buyers, together with a world asset administration firm primarily based on the West Coast of america, EQT Ventures, and NordicNinja.
Upon completion, current Einride shareholders are anticipated to carry roughly 83 per cent of the mixed firm, assuming a profitable $100M PIPE increase.
Einride’s present administration crew will proceed to steer the enterprise.
The Transaction was unanimously authorized by the Boards of Administrators of Legato Merger Corp. III and Einride.
The completion of the proposed Transaction is anticipated to happen within the first half of 2026, topic to customary closing circumstances, together with regulatory approvals.
Sturdy income
Presently, the Firm has an annual run-rate income of about $45 million and a complete of $65 million in buyer contracts. This exhibits sturdy help from main world transport corporations.
Moreover, the Firm has recognized over $800 million in potential future income from its Joint Enterprise Plans, which element methods for increasing electrical and autonomous providers with clients. It additionally maintains a 99.7% on-time efficiency charge, demonstrating the reliability and scalability of its operations.
Einride reviews a run-rate Annual Recurring Income (ARR) of $45M, a contracted ARR base of $65M, and greater than $800M in potential long-term ARR by means of Joint Enterprise Plans with clients.
Contracts usually run 4.5 years below take-or-pay buildings, offering predictable income and cash-flow visibility.
The corporate’s AI platform consists of planning, routing, power prediction, charging optimisation, and battery administration, enabling clients to cut back fleet-level whole price of possession by round 13 per cent versus diesel.
Developed automation know-how stack
Einride has developed an in-house autonomous know-how stack designed for driverless freight operations, permitting clients to transition to those operations at a decrease price.
This software program is utilized in Einride’s cab-less autos and could be tailored for varied car platforms, enabling further income alternatives in sectors like defence and specialised civilian purposes.
Einride was the primary firm worldwide to acquire permits for cab-less heavy-duty autonomous car operations on public roads, reaching this in Europe in 2019 and the US in 2022, all whereas sustaining a file of zero site visitors incidents.
The corporate utilises a multi-sensor notion system combining LiDAR, cameras, and radar, which is now an trade normal.
This technique, together with movement sensors and GNSS monitoring, helps Einride’s dual-path software program structure, that includes a deep studying mannequin for human-like driving and a rule-based system for security and regulatory compliance.
Up to now, the announcement comes as the corporate has achieved success, finishing over 1,700 hours of driverless operations, driving greater than 11 million electrical miles, and ending over 350,000 shipments.
Einride: Specialised in freight know-how options
Led by Roozbeh Charli, Einride designs, develops and deploys freight know-how options to speed up the transition to future-proofed transportation.
Its platform consists of linked electrical and autonomous heavy-duty autos, charging infrastructure and an clever freight working system.
Based in 2016, Einride grew to become the world’s first firm to function an autonomous, electrical car on a public street in 2019.
In the present day, Einride operates one of many largest fleets of professional quality electrical vans servicing World Fortune 500 corporations throughout the US, Europe and the UAE.
