Swedish Electric And Autonomous Freight Mobility Company Raises $110 Million In Series B

by | May 6, 2021

Einride, a developer of electric and autonomous freight mobility technology has announced a $110 million Series B funding round, with new investors Temasek, Soros Fund Management LLC, Northzone, Maersk Growth and Build Capital participating alongside serval existing investors.

This most recent addition of financing will be used to scale up deployments with Einride’s major customer base in Europe and the U.S. 

“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,” said Robert Falck, CEO and co-founder of Einride. “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.”

In addition to its business-to-business transportation modules, Einride offers the Einride Mobility Platform, a cloud-native transport execution system for autonomous and electric road transport that allows customers to use real-time information and data driven insights to implement sustainable, cost-efficient, and high-performing transport logistics. 

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