Autonomous freight technology company Einride AB said it has appointed Anubhav Verma as Chief Financial Officer, a move aimed at strengthening its financial leadership as it prepares for a planned public listing on the New York Stock Exchange through a merger with Legato Merger Corp. III.
Verma, who will assume the role in January 2026, joins Einride with more than 16 years of experience in capital markets, strategic finance and cross-border transactions. The SPAC merger values the Swedish company at $1.8 billion in pre-money equity. Einride said it currently holds a contracted annual recurring revenue base of $65 million as it expands its electric and autonomous freight operations across multiple markets.
See also: Einride to Go Public in $1.8 Billion SPAC Deal with Legato Merger Corp III
The incoming finance chief most recently served as CFO of MicroVision for four years, where he helped extend the company’s deep tech software capabilities across automotive, industrial and defense sectors in both U.S. and European markets. He previously held senior finance positions at Exela Technologies, leading a $2.8 billion SPAC reverse merger. “Anubhav’s experience in leading a multi-billion dollar SPAC combination and cross-border expansion in automotive and industrial sectors directly aligns with our growth strategy as we prepare to make our public market debut,” Einride CEO Roozbeh Charli said.
Verma is expected to focus on financially disciplined expansion, global scaling efforts and long-term enterprise partnerships, with particular emphasis on building U.S. market presence. Einride is seeking to increase its position in the $4.6 trillion global road freight market, supported by a customer base spanning more than 25 enterprise clients in seven countries, industry-first regulatory approvals for autonomous operations, and an additional $800 million in potential long-term ARR through joint business plans.
The business combination with Legato is expected to close in the first half of 2026. The transaction, approved unanimously by both companies’ boards, remains subject to customary closing conditions, including regulatory clearance. Einride said the additional capital will be used to scale its Freight-Capacity-as-a-Service and Software-as-a-Service offerings, both of which rely on proprietary AI-driven technology.