Self-driving truck startup Einride raises $113M PIPE ahead of public debut | TechCrunch

TechCrunch

by Rebecca Bellan

February 26, 2026

AI-Generated Deep Dive Summary

Self-driving truck startup Einride has raised $113 million in a PIPE (Private Investment in Public Equity) deal ahead of its upcoming public debut. The funding exceeds the company’s initial target of $100 million and will support its global expansion, technology development, and autonomous deployments across North America, Europe, and the Middle East. Einride, known for its electric trucks and driverless pod-like vehicles designed exclusively for freight transport, announced earlier this year that it would merge with SPAC Legato Merger Corp., valuing the company at $1.35 billion pre-money—a drop from the initial $1.8 billion valuation. The PIPE funding comes from both new and existing investors, including a West Coast-based global asset management firm and EQT Ventures in Stockholm. Combined with previous crossover financing of $100 million, Einride has secured around $213 million through this transaction. The SPAC merger is expected to bring in approximately $220 million from Legato’s trust account, with the addition of the PIPE funds pushing total gross proceeds to about $333 million before redemptions and expenses. The company may also seek additional capital before closing. Einride operates a fleet of 200 heavy-duty electric trucks across Europe, North America, and the UAE, serving major companies like Heineken, PepsiCo, Carlsberg Sweden, and DP World. It has also conducted limited trials of its autonomous pod-like trucks with customers such as Apotea in

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Originally published on TechCrunch on 2/26/2026