Swedish-based Einride plans to go public through a merger with Legato Merger Corp. III, valuing the company at $1.8 billion. Einride is a pioneer in freight technology with operations in seven countries, serving over 25 enterprise customers with a fleet of 200 electric vehicles and advanced autonomous deployments.

The transaction is expected to close in the first half of 2026, with existing shareholders owning approximately 83% of the equity post-closing. Einride’s CEO, Roozbeh Charli, sees this as a defining moment for the company, positioning them for global expansion and continued innovation in autonomous and electric operations.

Einride’s business model focuses on Freight-Capacity-as-a-Service and Software-as-a-Service, supported by its AI platform. With a contracted ARR base of $65 million and plans for U.S. expansion, the company is committed to growth and investment in accelerating autonomous systems, R&D, and job creation in key logistics and technology hubs.

Einride’s vehicles have logged over 1,700 driverless hours, driven 11 million electric miles, and completed 350,000 shipments. The company believes it has strong validation from global transport buyers, aligning with its vision to lead the transformation of the freight industry through innovative technology and proven customer relationships.

Read more at Yahoo Finance: Einride to go public via SPAC through merger with Legato Merger Corp. III