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Self-driving truck startup Einride raises $113M PIPE ahead of public debut | TechCrunch

TechCrunch·Rebecca Bellan·6 months ago
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Einride has secured an oversubscribed $113 million PIPE (private investment in public equity) ahead of its public debut , which is expected for the first half of 2026.  The Swedish startup is most well-known for building both electric trucks and autonomous pods that are designed to carry freight with no room for a human driver. Einride announced its plans to go public via a merger with a special purpose acquisition company, Legato Merger Corp., last November.  The deal values Einride at a pre-money valuation of $1.35 billion — down from the $1.8 billion figure initially attached to the SPAC deal. Despite a drop in valuation, there’s still clearly investor appetite for the firm. The PIPE exceeded the company’s earlier target of up to $100 million.  Einride’s PIPE comes from new and existing investors, including a global asset management company based on the West Coast of the United States and Stockholm-based EQT Ventures.…

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