Self-driving truck startup Einride raises $113M PIPE ahead of public debut
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Einride, a Swedish self-driving truck startup, has raised $113 million in an oversubscribed PIPE ahead of its public debut expected in 2026. The company, known for electric trucks and autonomous pods, plans to go public through a merger with Legato Merger Corp., valuing it at $1.35 billion. The PIPE, exceeding the initial $100 million target, includes investments from new and existing investors. Total gross proceeds from the SPAC deal and PIPE are projected at about $333 million, which will support Einride's technology and global expansion efforts.
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