Einride Secures $113 Million Capital Raise Ahead of NYSE Public Listing

Einride and Legato Merger Corp. III announced an oversubscribed $113 million capital raise on February 26, 2026. This PIPE financing supports the company's upcoming merger and public listing on the New York Stock Exchange. The transaction values the Swedish freight tech firm at a $1.35 billion pre-money equity value.

Founded in 2016, Einride specializes in digital, electric, and autonomous shipping solutions. They operate a unique Capacity-as-a-Service model, providing cab-less autonomous pods and electric fleets to major shippers like Maersk and GE Appliances. Their proprietary Saga platform serves as the intelligent brain for optimizing logistics operations across their global network.

New and existing investors participated in the round, including a West Coast-based global asset management firm and Stockholm-based EQT Ventures. This latest injection brings the total capital committed for the transaction to approximately $213 million. The funding exceeded the company's original expectations for the additional capital raise required to finalize the business combination.

Proceeds from the financing will accelerate Einride's technology roadmap and global expansion efforts. Key focus areas include scaling autonomous deployments across North America, Europe, and the Middle East. The capital also supports further development of the Saga AI platform for fleet orchestration and increased efficiency in commercial freight applications.

Chief Executive Roozbeh Charli stated that the investment reflects strong confidence in Einride's mission to transform global freight. The combined company is expected to trade under the ticker ENRD in the first half of 2026. This transition marks a major milestone as the company moves from a venture-backed startup to a public operator. More information is available at the Einride Investor Relations portal and through the Securities and Exchange Commission.