Einride To Go Public In The US At $1.8B Value

The listing will take place on the New York Stock Exchange via a Special Purpose Acquisition Company (SPAC) an alternative pathway that enables companies to enter public markets more efficiently and with fewer complexities than a traditional IPO.

The SPAC merger with Legato Merger Corp values Einride at $1.8 billion in pre-money equity, with the transaction expected to close in the first half of 2026. Einride noted that the deal is projected to generate approximately $219 million in gross proceeds, before considering potential redemptions of Legato’s public shares, transaction-related costs or any additional financing.

To further accelerate growth, Einride is also seeking up to $100 million in private investment in public equity (PIPE) funding.

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This announcement comes just weeks after the company secured roughly $100 million in new capital from existing backer EQT Ventures and quantum computing firm IonQ.

Founded in Sweden in 2016 Einride aims to disrupt the global freight industry through electric and autonomous transportation. The company is building a next-generation freight ecosystem that includes one of the world’s largest fleets of heavy-duty electric trucks, advanced autonomous technology, and its proprietary Saga planning and optimisation platform.

The Swedish startup which also operates a U.S. headquarters in Texas previously raised $500 million in 2022.

Roozbeh Charli, CEO of Einride, said: "Today marks a defining moment for Einride and for the future of freight technology.

“We’ve proven the technology, built trust with global customers, and shown that autonomous and electric operations are not just possible, but better.

"This transaction positions us to accelerate our global expansion and continue to deliver with speed and precision for our customers. The foundation is built, the demand is clear and our focus is on execution and delivering the future of freight.”

Eric Rosenfeld, chief SPAC Officer of Legato, said: "This transaction with Einride aligns with our vision to bring industry-leading, innovative technology to the public markets.

"Einride's proven customer relationships, regulatory achievements, and technology platform position the Company to be a leader in the transformation of the freight industry.

"We believe that the market fundamentals are strong, the timing is right, and Einride has the operational excellence to capitalise on this massive shift in how goods move around the world."