Electric truck start-up Einride to expand to USA

14 oktober 2019

The self-driving electric truck startup Einride has raised $25M in a Series A financing round and says it is to help the expansion into the US. The Sweden-based business already partners with DB Schenker for the so-called pods.

Einride added the new funding round was led by private-equity firm EQT’s venture capital fund EQT Ventures and NordicNinja VC. Chief Executive Robert Falck said, “the funding will allow us to start expanding in the U.S., deliver on our technology road map and to meet rapidly increasing customer demand.”

Already in November 2018, Einride and DB Schenker started the first commissioning of a T-Pod on the site of a DB Schenker plant in Jönköping. Half a year earlier, the two companies had reached an agreement under which the option of similar projects abroad would be discussed. In July last year, Einride revealed the prototype of the T-log – a fully electric, autonomous lumber truck.

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