Self-driving trucks startup Einride raises $100M

TechCrunch
TechCrunch
2M ago
70 views
Einride, a Swedish startup specializing in electric and autonomous freight vehicles, has secured $100 million in funding to expand its operations and technology.
Self-driving trucks startup Einride raises $100M
A What happened
Einride, a Swedish startup known for its electric and autonomous freight vehicles, announced it has raised $100 million from new and existing investors, including EQT Ventures. This funding will help the company scale its operations and accelerate the deployment of its autonomous freight technology. Einride's product lineup includes electric big rigs, autonomous pod-like trucks, and planning software for shippers. Founded in 2016, the company has expanded its fleet beyond Sweden to Europe, North America, and the UAE, serving clients like PepsiCo and GE Appliances. The recent funding follows a leadership change, with Roozbeh Charli stepping in as CEO after co-founder Robert Falck transitioned to executive chairman. Einride previously raised $500 million in 2022, indicating strong investor confidence in its vision to transform the freight industry.

Key insights

  • 1

    Funding for Growth: Einride's $100 million funding will support its expansion and technology deployment.

  • 2

    Leadership Transition: Roozbeh Charli has taken over as CEO amid strategic changes.

  • 3

    Global Expansion: Einride operates in Europe, North America, and the UAE, serving major clients.

Takeaways

Einride's recent funding reflects growing investor confidence in the future of autonomous freight technology.

Topics

Business & Markets Startups/VC Innovation