Self-driving trucks startup Einride raises $100M

Einride, a Swedish startup specializing in electric and autonomous freight vehicles, has raised $100 million from new and existing investors, including its largest shareholder EQT Ventures and quantum computing firm IonQ. The company did not disclose its post-money valuation. Founded in 2016, Einride aims to disrupt the freight industry with its electric big rigs, autonomous pod-like trucks without steering wheels or pedals, and planning software for shippers. Its fleet operates across Europe, North America, and the UAE, serving clients such as PepsiCo, Carlsberg Sweden, and DP World. The startup has made progress with autonomous pods through partnerships with Apotea in Sweden and GE Appliances in the U.S. The new funding will support Einride’s efforts to scale its three core business products and accelerate the deployment of its autonomous freight technology. The company has faced challenges common to the autonomous vehicle sector, including the lengthy and costly transition from development to commercial operations. In recent leadership changes, co-founder Robert Falck stepped