#electric-trucks

#electric-trucks

Einride said Wednesday it plans to go public via a merger with a special purpose acquisition company, just six weeks after the Swedish electric and autonomous truck startup raised $100 million from investors. The SPAC merger with Legato Merger Corp. values Einride at $1.8 billion in pre-money equity, according to the companies. The deal is expected to generate about $219 million in gross proceeds, a figure that doesn't take into account any redemption of Legato's public shares.

The company has been building a dedicated production facility in Reno, Nevada, that has finally taken shape, but Tesla was evidently not finished with the Semi's development. Tesla shares rare peek at Semi factory's interior Last week at the Annual Shareholder Meeting, Tesla said it had implemented some new designs into the Semi, helping with efficiency, updating its design, and making it a more suitable vehicle for hauling loads, as the changes also helped increase payload.

The Smart Charging Cube, offered by MAN Truck & Bus in partnership with AW Automotive, is designed for charging electric trucks and buses in various locations.

For companies already in production, immediate shifts can be prohibitively expensive and difficult. However, I strongly believe that manufacturing in America will strengthen U.S. economy and workforce.