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Einride

Einride

A company designing and building autonomous electric transportation (AET) systems for freight and cargo.

Einride is a company designing and building autonomous electric transportation (AET) systems for freight and cargo that is headquartered in Stockholm, Sweden that was founded in 2016 by Filip Lilja, Linnéa Kornehed, and Robert Falck. The freight and cargo systems offered by Einride can be fitted with specialized modular trailers for pallets, timber, perishable goods, and other products needing to be shipped.

Funding
Seed

On July 12, 2018 Einride announced raising SEK 35 million in seed funding from Mikael Lindblom and other angel investors. The firm plans on using their seed funding to begin releasing their products on public roads starting in September 2018.

Series A

On October 10, 2019 Einride announced raising $25 million in series A funding from NorddicNinja VC (lead investor), EQT Ventures (lead investor), Plum Alley, Plug and Play, Norrsken Foundation, and Ericsson Ventures. The company plans on using their series A funding primarily to expand their operations in the United States. The CEO of Einride made the following statement regarding his company's series A funding:

Our ambition is to disrupt the transport industry, and closing our series A brings us one step closer to that goal. The funding will allow us to start expanding in the U.S., deliver on our technology road map, and to meet rapidly increasing customer demand.

Timeline

December 7, 2022
Einride raises a $200,000,000 series C round from AMF, EQT Ventures, Norrsken VC, Northzone, Polar Structure and Temasek Holdings.
May 6, 2021
Einride raises a $110,000,000 series B round from EQT Ventures, Ericsson, Maersk Growth, NordicNinja, Norrsken VC, Northzone, Plug and Play, Plum Alley Investments, Soros Fund Management and Temasek Holdings.
October 1, 2020
Einride raises a $10,000,000 venture round from EQT Ventures, Ericsson Ventures, NordicNinja and Norrsken VC.
October 10, 2019
Einride raises a $25,000,000 series A round from EQT Ventures.
October 2019
Einride raises a $25,000,000 series A round from EQT Ventures, Ericsson Ventures, Honda, Japan Bank for International Cooperation, NordicNinja, Norrsken Foundation, Omron, Panasonic and Plum Alley.
June 2018
Einride raises a $3,785,477 seed round.
November 2017
Einride raises a $2,379,443 seed round.
June 2017
Einride raises a $630,765 seed round.

Funding Rounds

Patents

Further Resources

Title
Author
Link
Type
Date

News

Title
Author
Date
Publisher
Description
Kirsten Korosec
August 16, 2021
TechCrunch
Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Two housekeeping slash teasers ... Stay tuned this week for a series of articles on Nuro reported by investigative science and tech reporter Mark Harris with assistance from [...]
Kirsten Korosec
May 10, 2021
TechCrunch
The Station is a weekly newsletter dedicated to all things transportation. Sign up here -- just click The Station -- to receive it every weekend in your inbox. Hello and welcome back to The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from Point A to [...]
Sophia Kunthara
May 6, 2021
Crunchbase News
Electric and autonomous freight tech company Einride has raised $110 million in a Series B round, the company announced Thursday.
Kirsten Korosec
May 6, 2021
TechCrunch
Einride, the Swedish startup known for its unusual-looking electric and autonomous pods that are designed to carry freight, has raised $110 million to help fund its expansion in Europe and into the United States. The Series B round, which far exceeds its previous raises of $10 million in 2020 and $25 million in 2019, included [...]
Jonathan Shieber
March 8, 2021
TechCrunch
Swedish autonomous electric vehicle startup Einride is aiming to continue the momentum sparked by partnerships with Oatly and Lidl, by seeking additional capital, TechCrunch has learned. Einride is seeking $75 million in new financing, while at the same time exploring the potential for a public listing through a special purpose acquisition company, according to people with [...]
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References

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