Self-driving truck firm Einride to go public via SPAC deal at $1.8 billion valuation
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Swedish autonomous trucking company Einride is set to go public in the U.S. through a merger with Legato Merger Corp III, valuing the company at $1.8 billion. The deal aims to capitalize on the demand for clean-energy vehicles, despite challenges faced by other startups in the sector. Einride plans to raise up to $100 million in private investment to accelerate growth, with existing shareholders retaining 83% equity post-merger. Founded in 2016, Einride has a fleet of 200 electric vehicles and over 25 enterprise customers.
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