Einride, a developer of electric and autonomous freight mobility technology, has raised $110 million Series B funding from new investors Temasek, Soros Fund Management LLC, Northzone, Maersk Growth and Build Capital. This new financing will be used to scale up deployments with Einride’s customer base in Europe and the U.S.
The Swedish company, whose existing customers include Coca-Cola, Oatly, Lidl and Electrolux, is the provider of intelligent solutions for both autonomous and electric freight transportation.
Its most well-known product is the Einride Pod, a cabless freight mobility solution. It’s the only driverless freight mobility vehicle on the market and in commercial use. The Einride Pod also holds the current global speed record for electric and autonomous freight.
Einride also offers the Einride Mobility Platform, a cloud-native transport execution system for autonomous and electric road transport that allows customers to use information and data driven insights to implement sustainable, cost-efficient, and high-performing transport logistics.
Robert Falck, CEO and co-founder of Einride. says: “We are proud to be backed by some of the world’s most notable investors as they support our mission of becoming the leading provider of freight transport-as-a-service. Their network, reach and experience will be invaluable as we further accelerate our strong momentum as the leader in autonomous and electric freight transportation, and as we expand into new markets. Einride is dedicated to transforming road freight transport as we know it, making it more cost-efficient, safe, and sustainable.”
“With our global reach and expertise, we want to act as a catalyst for the next generation of logistics power players, as an investor and as a partner,” adds Jeppe Høier, Partner at Maersk Growth. “We look forward to being part of Einride’s mission to electrify and decarbonize inland transport globally.”
Einride was founded in 2016 by Robert Falck, Linnéa Kornehed, and Filip Lilja, and became the world’s first company to operate an autonomous, all-electric freight vehicle on a commercial route on a public road with its Pod vehicle. Today, it operates the largest fleet of electric trucks in Europe.
Keyword: Sweden’s Einride Raises $110 million Series B to Accelerate The Future of Freight Mobility