Einride completes business combination and begins trading on Nasdaq
The transaction valued Einride at $1.35 billion and raised $113 million in PIPE financing.
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Autonomous electric freight platform
einride.techLast updated
In short: Einride reached a $1.35 billion valuation and listed on the Nasdaq while expanding its autonomous electric truck operations across the US and Europe.
The transaction valued Einride at $1.35 billion and raised $113 million in PIPE financing.
The deal values Einride at $1.35B pre-money and includes $113M PIPE financing. Trading on Nasdaq expected under ENRD.
The bipartisan bill establishes a federal framework for autonomous commercial vehicles, replacing state regulations with a national standard.
The fleet will operate a 415-km route on Sweden's west coast, using Smartcharging and Saga AI to eliminate 430 tonnes of CO2 annually.
NEW YORK. Einride's listing on Nasdaq in New York may have been somewhat overshadowed by the biggest IPO of all time, Space X. But founder Robert Falck believes his company can benefit from investors' appetite for future-oriented technology companies.
After Einride's Spac listing on Nasdaq, the stock surged almost 200 percent, but hundreds of Swedish owners were prevented from selling.
Dive Brief: Einride began trading on the Nasdaq stock market June 10, becoming a publicly traded company. Investors previously voted overwhelmingly in...
Newly listed Einride had hopes of raising up to SEK 1.7 billion from the coffers of the spac company Legato. But only 2 percent of the spac owners...
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