Einride goes public on Nasdaq with US$1.35bn valuation

Swedish autonomous and electric freight company Einride has completed its business combination with Legato Merger Corp. III and will begin trading on Nasdaq under the ticker symbol ‘ENRD’ on 10 June 2026. The deal, approved by Legato shareholders on 4 June, values Einride at a pre-money equity value of approximately US$1.35bn.

Einride raised US$113m through an oversubscribed private investment in public equity (PIPE) financing in connection with the transaction, backed by new and existing investors including Stockholm-based EQT Ventures. Warrants associated with the listing will trade under the symbol ‘ENRDW’. TD Cowen served as lead financial adviser and placement agent.

Einride develops electric and autonomous freight vehicles and software platforms targeting the cost and emissions profile of commercial road haulage. The Nasdaq listing represents the Swedish firm’s first access to public capital markets, following a PIPE that attracted both new and existing institutional investors.

The listing comes as commercial vehicle operators across Europe and North America face growing regulatory pressure to decarbonise freight operations, with autonomous freight solutions increasingly seen as a route to reducing both operational cost and vehicle emissions. Einride’s debut may attract institutional investors seeking exposure to the combined autonomous mobility and freight electrification markets.

Source: Einride