The round includes investment from EQT Ventures, already one of Einride’s largest shareholders, as well as a West Coast-based global asset management firm and other backers. The total also incorporates an earlier investment in 2025 from quantum computing company IonQ, which is working with Einride to develop applications for large-scale logistics challenges.
Founded in 2016, Einride operates one of the world’s largest fleets of heavy-duty electric trucks and is developing autonomous transport technology alongside its proprietary Saga platform. Saga integrates planning optimisation with electric and driverless freight vehicles, aiming to address emissions, labour shortages and inefficiencies in the sector.
Autonomous trials in Scandinavia and Belgium
The funding announcement comes shortly after Einride completed what it described as the world’s first cabless, electric, fully autonomous cross-border delivery without a human driver onboard. The trial took place on 25 September at the Ørje crossing between Sweden and Norway, with goods pre-declared and cleared via Norway’s Digitoll customs platform.
Earlier in September, the company also showcased a level 4 autonomous truck at the Port of Antwerp-Bruges, where the cabless vehicle operated on public roads during the “Port of the Future – Autonomous Summit”.
Expansion follows a period of financial strain
Einride reported that its net sales more than doubled in 2024. It also expanded operations into Austria and the United Arab Emirates last year, adding to a customer base that includes global shippers across Europe and North America.
However, the company’s recent growth comes against the backdrop of financial challenges. In 2023, Einride posted a loss of just over SEK 1.3 billion, according to Swedish press reports, and subsequently introduced cost-cutting measures including staff reductions in 2024. The firm was also reported to have appealed to investors for additional short-term funding.
“This funding allows us to grow with our customer base and accelerate the deployment of our autonomous freight technology,” said Einride CEO Roozbeh Charli.
