Big Move in Freight: Einride to Go Public via SPAC Deal (~$1.8B Valuation)

Nov 12 • News

Swedish autonomous-and-electric freight company Einride has agreed to merge with Legato Merger Corp. III, a special-purpose acquisition company, to become publicly listed in the U.S. at an estimated valuation of $1.8 billion.

Why this matters for logistics & supply chain:

Einride is already running a fleet in multiple countries, including the U.S., and partnering with enterprise-shippers to roll out electric/autonomous freight operations.

As autonomous and zero-emission heavy trucking scales, logistics providers will face new competitive pressures and opportunities to incorporate these technologies.

The listing highlights investor confidence in freight tech and electrified / autonomous transport as a strategic inflection point for carriers, brokers, and 3PLs. But it also raises the stakes: scaling these models is capital-intensive, and the route to profitability remains challenging.

https://www.einride.tech/press/einride-a-leading-digital-electric-and-autonomous-freight-technology-company-to-go-public-via-a-business-combination-with-legato-merger-corp-iii-at-a-1-8-billion-valuation

0 comments