Einride plans to become a public company through a merger with Legato Merger Corp III that implies a pre money equity value of $1.8 billion. The deal is designed to accelerate the company’s push into autonomous and electric freight across a global road freight market estimated at $4.6 trillion. Post closing, the combined company is expected to list on the NYSE and continue scaling operations with established enterprise customers.
Deal rationale and market context
Management positions the transaction as a way to strengthen Einride’s standing in autonomous freight, uniting software, vehicles, and operations under one platform. The company currently serves customers in seven countries and manages a fleet of roughly 200 electric trucks, while advancing autonomous deployments with names such as GE Appliances and Apotea. Leadership argues that public market access will support technology rollout, supply chain localization, and additional commercial wins.
Company profile and US expansion
Founded in 2016 in Stockholm, Einride runs a dual model that combines Freight Capacity as a Service with Software as a Service. The platform coordinates charging, routing, energy management, and fleet planning, with the ability to license both operational software and the autonomous driving system to partners. The United States, where Einride has a hub in Austin, is the company’s second largest market and a priority for new hiring, R&D, and domestic hardware supply chains.
Commercial traction and revenue model
Einride reports more than 11 million electric miles driven, over 350,000 shipments executed, and 1,700 driverless hours in contracted operations. The company cites a run rate ARR of about $45 million within a contracted base of $65 million ARR, alongside more than $800 million in potential long term ARR tied to joint business plans with customers. Contracts are typically take or pay with minimum volume commitments over an average term of 4.5 years, supporting revenue visibility and cash flow predictability.
Technology and safety framework
The autonomous stack was developed in house for driverless operations and is deployed on Einride’s cab less electric vehicles, while remaining vessel agnostic for use on third party platforms. The perception suite combines LiDAR, camera, and radar with motion sensors and GNSS, feeding a dual path software architecture that pairs a deep learning driver model with a deterministic safety layer. The company notes a zero traffic incident record, third party audited safety cases, and permits enabling public road operations in multiple countries across North America and Europe.
Efficiency and customer outcomes
Einride says its AI planning tools can reduce fleet level total cost of ownership by approximately 13 percent versus diesel baselines. The platform targets nearly 90 percent energy prediction accuracy and coordinates charging infrastructure and battery management to improve uptime. Operational data indicates a 99.7 percent on time performance rate, which the company highlights as proof of maturity for scaled commercial service.
Transaction details and financing
Gross proceeds are expected to total approximately $219 million before redemptions, expenses, and any additional financing, and the company is seeking up to $100 million in PIPE capital. Einride also raised $100 million of crossover capital in 2025 from institutional investors including a large West Coast asset manager, EQT Ventures, and NordicNinja. Assuming a $100 million PIPE, existing Einride shareholders are expected to own about 83 percent of the pro forma company, with the transaction unanimously approved by both boards and targeted to close in the first half of 2026 subject to customary conditions.
Leadership commentary and governance
Chief Executive Roozbeh Charli frames the merger as a catalyst to scale execution with global shippers and to expand autonomous operations. Founder and Executive Chairman Robert Falck emphasizes the long term goal of industry transformation toward electric and autonomous logistics. Legato’s Eric Rosenfeld cites customer traction, regulatory milestones, and platform breadth as key reasons to bring the business to public investors.
Regulatory momentum and outlook
The company reports that permit timelines have shortened from months to weeks as regulators grow more familiar with its safety case and operational controls. Management expects vessel agnostic autonomy to open revenue streams beyond freight, including defense and specialized civilian use cases. Continued expansion in the United States is positioned as central to commercialization, manufacturing resilience, and ecosystem development.
Einride’s planned public listing via Legato is structured to fund scale while validating a model that blends software, services, and autonomous hardware. With contracted ARR, joint growth plans, and a maturing safety and regulatory profile, the company seeks to convert early deployments into wider adoption. Execution on financing, manufacturing, and customer rollout will determine whether the platform captures a durable share of electric and autonomous freight.