Self-driving
Einride raised $113 million from investors ahead of listing on the stock market through a merger with Legato Merger Corp., in a deal valuing it at $1.35 billion.
A dated step forward on the record
What the source says
“The deal values Einride at a pre-money valuation of $1.35 billion”
What it means
Einride autonomous pods, from Einride, is at stage 5 of 5 on our ladder: regulator-cleared or mass market. Its stage is set by other milestones on its record; this one adds to the history.
Human help: People working remotely can steer it or take over.
More on Einride autonomous pods
- Two cab-less Einride trucks began hauling freight every day between EASE Logistics warehouses in Ohio, with no one in the cab, on EASE property and local public roads.
- Einride finished its merger with Legato Merger Corp. III and its shares began trading on Nasdaq under the ticker ENRD.
- Einride announced it would put two self-driving electric trucks to work for EASE Logistics in Marysville, Ohio, as part of a state truck-automation project.
- The US road-safety agency NHTSA cleared the Einride Pod, which has no space for a driver, to run on public roads, starting near a GE Appliances site in Kentucky.
- Sweden's transport agency allowed Einride's T-pod onto a short stretch of public road in an industrial area, for work with DB Schenker in Jönköping.