Los Angeles EV maker Xos moves into new headquarters bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Sweden’s freight mobility provider Einride cruises into $110 million in Soros-backed Series B round
May 6th, 2021.
Sweden’s electric and autonomous freight mobility maker Einride has raised $110 million in a Series B round from new investors Temasek, Soros Fund Management, Northzone, Build Capital, and Maersk Growth. Existing investors EQT Ventures, Plum Alley, Norrsken VC, Ericsson, and NordicNinja VC also participated.
The $110 million is slated to scale up deployments to customers in Europe and the U.S.
Founded in 2016 by Robert Falck, Linnéa Kornehed, and Filip Lilja, Einride is tapping into a $4.2 trillion global market. According to studies, the market for freight trucking is estimated to continue climbing, reaching $5.5 trillion by 2027.
Austin Inno - Autonomous trucking company Einride to set up US headquarters in Austin after raising $110M bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.