Einride, a Stockholm, Sweden-based freight mobility technology company, raised $500M in Debt and Series C funding.
The financing included a debt facility of $300M and an equity contribution of $200M, which included a $90M convertible note raised earlier this year. The debt financing wad led by Barclays Europe. Equity investors included Swedish pension fund AMF, EQT Ventures, Northzone, Polar Structure, Norrsken VC and Temasek amongst other investors.
The company intends to use the funds to develop and deploy across its autonomous and digital offerings, as well as expanding its offerings to new markets and clients.
Led by Robert Falck, Founder and CEO, Einride designs, develops and deploys technologies for freight mobility. In the past 12 months, the company has announced expansions into several European countries — Germany, Belgium, Netherlands, Luxembourg and Norway — as well as deployed operations for numerous new clients including Electrolux, GE Appliances, a Haier company, and Bridgestone. In October of 2022, Einride completed a pilot on a US public road with its autonomous vehicle — the first company to receive approval to do so for a vehicle without a safety driver on board.
FinSMEs
07/12/2022