2030 Finance | October 1, 2020

Sweden’s Einride raises $10 million to green freight transit

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, October 1 – Heavy transport accounts for 30% of transport-related carbon emissions and 7% of total global carbon emissions. Pandemic-related disruptions to global logistics exposed the transport sector’s vulnerability. 

Einride’s freight management platform integrates electric and autonomous vehicles to move commercial products. Partners include plant-based dairy company Oatly and European grocery chain Lidl. 

Impact investor Norrsken VC led the $10 million venture funding round, which also included participation from EQT Ventures, Nordic Ninja VC and Ericsson Ventures.