Einride Swedish Startup, Straightening Shutters for Autonomous Cargo Transportation, successfully closed the Round financing of the B series in the amount of $ 110 million. The company supplies t-POD electric trucks without cabins that can fly both fully autonomously and with remote operators. According to Einride, the refusal of traditional tractors in favor of T-POD significantly reduces the costs of customer-users using diesel trucks, and minimizes harmful emissions.
Now the operation of Einride is allowed only in limited areas — on the territory of large enterprises and on some roads of Europe. But over the next two years, startup plans to work with state regulators of Europe and the United States to obtain certificates for travel on the highway and the streets of large cities. In addition, Einride will also launch a digital platform for telecom operators, which will be planned, drawing up the graphs and routing T-Pod shuttles.
According to the general director Robert Falk, the capital gained will be aimed at attracting new customers and access to promising markets. First of all, Einride seeks to scale the production, launch autonomous shuttles in several European countries and conclude contracts with large companies in the United States. Until the end of this year, startup will open headquarters in Austin, Texas, and additional offices in New York and Silicon Valley. The first Einride client in the United States will be the current partner — the Swedish trading brand Oatly.
The last round of financing Einride was headed by the Venture Funds Temasek, Soros Fund Management, Northzone and Build Capital. Past investors started — EQT Ventures, Plum Alley, Norrsken VC, Ericsson and Nordicninja VC. At the moment, the total amount of Einride’s raised capital is $ 145 million. According to startup forecasts, in the near future it will become an influential player in the freight market, which is now estimated at $ 1.1 trillion.
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