Swedish autonomous truck company Einride has announced plans to go public in the United States through a SPAC merger with Legato Merger Corp., valuing the company at USD 1.8 billion. The upcoming New York Stock Exchange listing marks a pivotal milestone for Einride, which is on a mission to transform global freight transport with its electric and self-driving vehicles.
By merging with a Special Purpose Acquisition Company (SPAC), Einride is choosing a faster and more efficient path to the public markets, thereby bypassing the longer and costlier traditional IPO route. Moreover, the deal will close in the first half of 2026 and could generate around USD 219 million in gross proceeds, excluding any potential redemptions and transaction-related expenses.
In addition to the SPAC merger, the startup plans to raise up to USD 100 million through Private Investment in Public Equity (PIPE) financing. The company intends to channel these funds into scaling production, enhancing its technology, and expanding strategic partnerships worldwide. This move follows its USD 100 million funding round led by existing investors EQT Ventures and IonQ, reinforcing investor confidence in its long-term vision.
Founded in 2016 by Robert Falck, Filip Lilja, and Linnea Kornehed, Einride is building a sustainable freight ecosystem that integrates autonomous driving, electrification, and data-driven logistics. Its heavy-duty electric truck fleet, managed through Saga, the company’s proprietary route planning and optimization platform, demonstrates how technology can reduce emissions while boosting efficiency in large-scale logistics operations.
Headquartered in Austin, Texas, Einride has rapidly expanded across Europe and North America, supported by its USD 500 million fundraising in 2022. The planned SPAC listing marks the next chapter in the company’s growth story, enabling broader commercialization and mass manufacturing scale-up. If successful, this public debut will make it one of the few European deep-tech mobility companies to achieve a major U.S. public listing, further solidifying its position as a global leader in electric and autonomous freight.
Roozbeh Charli, CEO of Einride, said, “Today marks a defining moment for Einride and for the future of freight technology. We’ve proven the technology, built trust with global customers, and shown that autonomous and electric operations are not just possible but better. This transaction positions us to accelerate our global expansion and continue to deliver with speed and precision for our customers. The foundation is built, the demand is clear, and our focus is on execution and delivering the future of freight.”
Eric Rosenfeld, Chief SPAC Officer of Legato, added, “This transaction with Einride aligns with our vision to bring industry-leading, innovative technology to the public markets. Einride’s proven customer relationships, regulatory achievements, and technology platform position the company to be a leader in the transformation of the freight industry. We believe that the market fundamentals are strong, the timing is right, and Einride has the operational excellence to capitalize on this massive shift in how goods move around the world.”
