Einride, a Swedish startup known for his unusual electric and autonomous capsules, which were designed to hold freight, said on Wednesday that he collected $ 100 million from several recent and existing investors, including the largest shareholder, EQT ventures.
The increase included an undisclosed strategic investment from Computing Computing IONQ. Neither Einride nor his investors revealed the company’s valuation after wishes.
Financing appears when Einride adapts to the recent CEO and tries to scale its three business products: large electrical platforms, autonomous trucks much like pods that move everlasting routes, and planning software for forwarders. CEO of Einride Roozbeh Charli said that financing would allow the company to grow because of customer database and accelerating the implementation of autonomous freigh technology.
The company that was founded in 2016 began a mission of the freight industry disruptions in Sweden-first with electric trucks, and then electric autonomous capsules, which are specially built without a steering wheel or self-service pedals.
Einride has expanded outside Sweden and runs a fleet of heavy electrical trucks in Europe, North America and the United Arab Emirates, for firms comparable to Pepsico, Carlsberg Sweden and DP World. The company has made several autonomous trucks paying homage to capsules with Apotea clients in Sweden and GE of household appliances in the United States.
“We think that Einride is building the most complete and future freight ecosystem today,” said Ted Persson, partner of EQT Ventures. “Nordic Tech has a habit of underestimation until he creates the whole industry quietly. This is what Einride does in the freight.”
Despite this, Einride underwent internal changes and struggled – along with the remainder of the emerging sector of autonomous vehicle technology – with a long and expensive means of going from development to business operations.
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Five months ago, co -founder Einride, Robert Falck, left the role of CEO and took over the position of the president of the board to focus on the company’s long -term strategy. Charli, who was the financial director, was promoted to the highest managerial position.
The company previously collected $ 500 million in 2022 in the Capital and Debt Round of the C. A component with a value of $ 200 million based on capital got here from supporters, including Northzone, EQT Ventures, Temasek, the Swedish AMF Pension Fund, the polar structure and Norrsken VC. He also secured $ 300 million in funding of debt by Barclays Europe.