"Einride, the Swedish startup known for its unusual-looking electric and autonomous pods that are designed to carry freight, said Wednesday it has raised $100 million from several new and existing investors, including its largest shareholder, EQT Ventures. The raise included an undisclosed strategic investment from quantum computing company IonQ. Neither Einride, nor its investors, disclosed the company's post-money valuation. The funding comes as Einride adjusts to a new CEO and tries to scale its three business products:"
"The company, which was founded in 2016, started in Sweden with a mission to disrupt the freight industry - first with electric trucks, then with electric autonomous pods, which are purpose-built without a steering wheel or pedals for self-driving. Einride has expanded beyond Sweden and operates a fleet of heavy-duty electric trucks in Europe, North America, and the UAE, for companies like PepsiCo, Carlsberg Sweden, and DP World."
"The company has made some inroads with its autonomous pod-like trucks with customers Apotea in Sweden and GE Appliances in the United States. "We believe Einride is building the most complete and forward-looking freight ecosystem on the market today," Ted Persson, partner at EQT Ventures, said in a statement. "Nordic tech has a habit of being underestimated, until it quietly rewires an entire industry. That's exactly what Einride is doing in freight.""
Einride raised $100 million from new and existing investors including EQT Ventures, with a strategic investment from IonQ and an undisclosed post-money valuation. The funding targets scaling three product lines: electric big rigs, autonomous pod-like trucks that operate on fixed routes, and planning software for shippers. Einride operates heavy-duty electric trucks across Europe, North America, and the UAE for customers such as PepsiCo, Carlsberg Sweden, and DP World, and has begun deployments of autonomous pods with Apotea and GE Appliances. The capital is intended to support customer-driven growth, accelerate autonomous freight deployment, and address commercialization and leadership transition challenges.
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