Swedish technology company Einride, which provides digital, electric, and autonomous solutions for road freight, said on Wednesday it has raised about $100 million in a funding round from a mix of existing and new investors. The capital will support the company’s next phase of growth, including scaling its autonomous freight solutions, deepening technology development, and expanding its global customer base.
Investors include EQT Ventures, one of Einride’s largest shareholders, a U.S.-based global asset management firm, as well as other existing shareholders. Ted Persson, partner at EQT Ventures, said, “We believe Einride is building the most complete and forward-looking freight ecosystem on the market today. Nordic tech has a habit of being underestimated, until it quietly rewires an entire industry. That’s exactly what Einride is doing in freight.”
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Founded in Sweden in 2016, Einride is developing a new freight ecosystem that combines one of the world’s largest fleets of heavy-duty electric trucks, advanced autonomous technology, and its proprietary Saga planning platform. Saga integrates digital planning with electric and autonomous vehicles to tackle fragmentation, high emissions, and labor shortages in the freight industry.
Roozbeh Charli, CEO of Einride, said, “I am excited and proud for the continued trust our investors have placed in us. This funding allows us to grow with our customer base and accelerate the deployment of our autonomous freight technology. It’s a strong signal of confidence in both our team and our unique position in the market.”
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The funding includes an investment from quantum computing company IonQ, aimed at developing quantum applications to address large-scale logistics challenges that have traditionally been difficult for classical computing to solve. Einride has expanded into Austria and the United Arab Emirates this year, with net sales more than doubling in 2024, and has grown its footprint with global shippers across Europe and North America.
Autonomous trucking technology, which typically operates along fixed routes on highways, is seen as a potential growth driver for the long-haul freight industry but faces regulatory scrutiny over safety. Einride previously raised $110 million in 2021 from investors including Maersk’s venture capital arm and Singapore state investor Temasek and expanded into the U.S., signing customers such as GE Appliances, Oatly, and Bridgestone.