Autonomous electric semi truck brand Einride hits $1 billion valuation
Swedish trucking startup Einride AB has achieved a $1 billion valuation following a $100 million funding round, more than doubling its previous valuation of approximately $470 million from 2021. The funding involved both existing and new investors, including EQT Ventures and IonQ, Inc. Einride plans to use the capital to enhance its autonomous freight solutions, technology development, and customer expansion, following a year of significant growth with net sales more than doubling in 2024 and successful expansions into Austria and the UAE.
Part self-driving tech brand, part 3PL, Swedish trucking startup Einride AB has been making a name for itself in the US and abroad by delivering zero-emission freight solutions that work. Following the company’s latest $100 million funding round, it’s delivering something else, too: a billion dollar valuation.
Bloomberg is reporting that Einride AB has closed a $100 million funding round at more than double the 400 million euro valuation (~$470 million) in its last 2021 funding round.
The source of that information, according to initial reports, spoke on the condition of anonymitybut seems credible enough for the article to show up on Transport Topics. Einride, meanwhile, declined to comment on the dollar amounts, but did release a statement stating that the latest raise featured a mix of existing and new investors, including EQT Ventures, an unidentified global asset management company based on the American west coast, and IonQ, Inc.
“The capital will power Einride’s next phase of growth as it scales the deployment of its autonomous freight solutions, deepens technology development, and continues its expansion with customers,” said the company’s statement. “(After) a year of sustained growth for Einride with net sales more than doubling in 2024, a successful expansion into Austria and the UAE, and a growing footprint with global shippers across Europe and North America.”
