Self-driving trucks startup Einride plans to go public via a SPAC

Swedish electric and autonomous truck startup Einride announced plans to go public through a merger with the special purpose acquisition company (SPAC) Legato Merger Corp., valuing Einride at $1.8 billion pre-money. The deal is expected to raise approximately $219 million in gross proceeds, excluding potential redemptions, and the company is also seeking up to $100 million in private investment in public equity (PIPE). The merger is anticipated to close in the first half of 2026, with Einride debuting on the New York Stock Exchange. Founded in 2016, Einride aims to revolutionize freight transport with electric trucks and autonomous electric pods—vehicles without steering wheels or pedals designed for self-driving. Einride operates a fleet of 200 heavy-duty electric trucks across Europe, North America, and the UAE, serving clients such as Heineken, PepsiCo, Carlsberg Sweden, and DP World. It is also advancing its autonomous pod technology with customers like Ap