Home / Business and Economy / Einride Charges Ahead with $1.8B SPAC Deal for Autonomous EV Freight Expansion
Einride Charges Ahead with $1.8B SPAC Deal for Autonomous EV Freight Expansion
12 Nov
Summary
- Einride, an autonomous EV freight trucking company, plans to go public on NYSE via $1.8B SPAC deal
- Einride reports $65M in contracted annual revenue and over $800M in potential long-term ARR
- Company has over 25 customers across 7 countries, with regulatory permits in the US and Europe
In a major move for the future of sustainable freight, autonomous EV trucking company Einride has announced plans to go public on the New York Stock Exchange through a SPAC deal valued at $1.8 billion. The Stockholm-based firm, founded in 2016, has proven its technology and built trust with global customers, demonstrating that autonomous and electric freight operations are not just possible, but better.
As of November 2025, Einride reports a contracted annual recurring revenue base of $65 million and over $800 million in potential long-term ARR. The company has over 25 customers across seven countries and regulatory permits in the United States and Europe, with a current fleet of approximately 200 electric vehicles. Einride's technology is designed to reduce emissions at scale and prove electric freight is viable both technologically and economically.
The SPAC deal is expected to raise $219 million in gross proceeds, with up to an additional $100 million in PIPE capital from institutional investors. Einride is set to begin trading on the NYSE during the first half of 2026, marking a defining moment for the company and the future of freight technology.
