Impact Tech | May 10, 2021

Einride secures $110 million to expand electric freight transit in the U.S. and Europe

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, May 10 — Einride integrates electric and autonomous vehicles to move commercial products. The Swedish company’s Einride Pod is a fully-electric driverless freight vehicle the company says holds the global speed record for electric and autonomous freight (see, “Sweden’s Einride raises $10 million to green freight transit).

Einride has raised $110 million in a Series B financing round to scale deployment with Coca-Cola, plant-based dairy company Oatly, European grocery chain Lidl and home appliance manufacturer Electrolux and other partners.

Clean tech capital

New investors in the round include Soros Fund Management, Temasek, Northzone, Maersk Growth and Build Capital. Existing investors include EQT Ventures, Plum Alley Investments, Ericsson, NordicNinja VC and Norrsken VC.