Einride
Einride

Einride Emerges as Leader in Autonomous Freight, Generating Revenue and Announcing New Investment from impact fund Norrsken VC

2020.10.02

October 1, 2020 - Einride, a Swedish technology company that develops and provides freight transport solutions based on electric and autonomous vehicles, today announced $10 million in new funding from existing investors led by impact fund - Norrsken VC. The EQT Ventures fund (“EQT Ventures”), Nordic Ninja VC, Ericsson Ventures, and other investors also participated in the round. This new round of funds will be used to fast track the official launch of its Einride Pods and meet the overwhelming demand from existing clients including Oatly, Lidl, and more. In addition to this new funding, Norrsken VC, which was founded by the Klarna co-founder Niklas Adalberth, will be joining Einride’s advisory board. 

In March 2020, the AI and robotics industry saw major names shut its doors which sent a shiver down the spine of the autonomous trucking industry. Contrarily, in the wake of COVID-19, there has been a shift towards searching for a more efficient, contactless way to achieve the same levels of transport as before. During this time, Einride has maintained a strong stream of new partnerships, including onboarding two major partners, Oatly and Lidl, and launching the mainnet version of its Freight Mobility Platform.

“There is both a lot of excitement and a lot of uncertainty about autonomous trucking, but the fact remains: this is one of the largest business opportunities in the history of mankind,” said Robert Falck CEO of Einride. “We have a unique opportunity to make transport both exponentially safer and more sustainable. It’s something the vast majority of us want, but many are unsure of how to get there and resort to half-measures. We expect to see the autonomous transport industry expand exponentially in the coming years, especially in the wake of a global pandemic.”

Einride is the first amongst its competitors to have a solution in production and generate revenue It is also the first freight transport start-up to operate a truly driverless heavy transport vehicle on a public road. In addition, Einride is the only company to operate these vehicles daily at customer sites. Beyond developing cutting-edge autonomous technology with the Einride Pod, the company offers a freight mobility operating system that intelligently manages the transition to electric and autonomous freight on an individual transport network level. With the additional funding and strategic input from Norrsken VC, the newest member of the Einride advisory board, Einride plans to continue leading the transition to an autonomous and sustainable future of freight.

“Eliminating CO2 emissions causing rapid climate change is one of the greatest challenges facing humanity. As one of the largest emitters, what the road transport industry does in the coming years will have an enormous impact on reaching sustainability goals. At Norrsken, we have been with Einride since the beginning, and are proud to continue to support this movement towards electric, autonomous transport,” said Niklas Adalberth, co-founder of Klarna and the Norrsken Foundation.

About Einride

Einride is a Swedish technology company that develops and provides freight transport solutions based on electric and autonomous vehicles. It was founded in 2016 by Robert Falck, Linnéa Kornehed and Filip Lilja, and became the world’s first company to operate an autonomous, all-electric freight vehicle on a commercial route on a public road. Recently, the company launched the Einride Mobility Platform, a cloud-native transport execution system for autonomous, electric and traditional road transportation. With the platform, customers can use real-time information and actionable insights to implement sustainable, cost-efficient and high performing transport logistics.

For more information on Einride and its sustainable, autonomous, and freight management solutions, visit: https://www.einride.tech/news.

About Norrsken VC

Norrsken VC is part of Norrsken Foundation, which believes that entrepreneurs building rapidly scalable businesses are our best bet to solve the world’s greatest challenges, such as poverty, health, climate, mental health and discrimination. Norrsken Foundation is a non-religious, non-partisan, non-profit foundation, founded in Stockholm, Sweden, in 2016. 

For more information on Norrsken VC and its investments, visit: Norrsken VC  https://www.norrsken.vc

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Press releases

DateTitle
2022.06.23New Type of Vehicle Developed by Einride Gets NHTSA Approval to Operate on US Public Road
2022.06.09Einride and Oatly Expand Partnership to Electrify Oatly's North American Fleet
2022.05.19Einride Unveils Expanded Product Offerings At First User Conference, Einride Mesh
2022.03.24Einride and A.P. Moller - Maersk partner for largest ever electrification of heavy duty road freight
2022.03.14Einride Unveils World's First Remote Pod Operator of Autonomous, Electric Vehicle Fleet
2022.01.10Einride Brings on Freight Industry Expert to Lead European Team – Robert Ziegler Joins as General Manager, Europe
2021.11.03Einride launches in the US - first to US market with the future of shipping
2021.10.26Einride & GE Appliances announce first U.S. fleet of autonomous and electric trucks
2021.08.12Einride Partners with Bridgestone to Create Cleaner, Safer, Low-Carbon Freight Mobility
2021.06.22Co-founder of Klarna, Niklas Adalberth, joins Board of Directors at Einride
2021.06.15Einride and Ahlsell begin collaboration for electrification and automation of transport
2021.05.06Einride raises $110 million Series B to accelerate the future of freight mobility
2021.03.16SKF and Einride enter into partnership for testing autonomous and electric transport
2021.02.22Einride and Electrolux enter innovation partnership to electrify transports
2021.02.16Einride and Lidl roll out intelligent and sustainable transport
2021.01.19Einride recruits from Uber, Volvo Car Mobility and DHL
2020.12.03Einride next-generation Pods powered by NVIDIA DRIVE AGX Orin for high-speed autonomous operations
2020.11.12Einride strengthens logistics expertise with transportation industry research veteran
2020.10.30Oatly reduces carbon footprint by 87% on selected routes in first month with Einride electric trucks and freight mobility platform
2020.10.20Polarrenen drives transition to sustainable transport by becoming Einride financing partner
2020.10.15Einride Pod becomes first to set a record for an autonomous electric freight vehicle at the Top Gear track
2020.10.08Einride launches next-generation Pod, makes autonomous electric transport commercially available worldwide
2020.10.02Einride Emerges as Leader in Autonomous Freight, Generating Revenue and Announcing New Investment from impact fund Norrsken VC
2020.09.04Tech industry growth expert joins Einride as Chief Operations Officer to propel customer deliveries
2020.09.04Einride COO transitions to new role as U.S. General Manager to spur global expansion
2020.07.07Erikssons Åkeri in Tomelilla offering electric transport with Einride
2020.06.03Einride Launches Intelligent Freight Mobility Platform, Makes Sustainable Transport Attainable Today
2020.05.14Einride partners with Oatly to electrify transport in Sweden
2020.04.22Switching to sustainable freight: Lidl and Einride to electrify transport in Sweden
2020.04.07Einride showcases one operator, multiple vehicle capability at a customer site
2020.02.14Einride launches a beta version of the freight mobility platform for shippers
2020.01.28Google veteran joins Einride as Chief Commercial Officer to accelerate commercialization
2019.12.06Coca-Cola European Partners teams up with Einride for sustainable transport
2019.10.10Einride raises $25 million series A to accelerate commercialization of its Autonomous, Electric Transport System
2019.10.03Port of Helsingborg signs Innovation Partnership with Einride
2019.10.03Einride recruits marketing director from Klarna
2019.08.22Anders Böös new Chairman of Einride’s Board of Directors
2019.06.05Michelin Group to implement sustainable transport system from Einride
2019.05.16World premiere: First cab-less and autonomous, fully electric truck in commercial operations on public road
2019.05.08World Premiere: Einride and DB Schenker to inaugurate first cab-less and autonomous, fully electric truck on public road
2019.05.08Einride and innovative Swedish logistics company collaborates around sustainable transport
2019.04.26Former Head of Daimler Trucks Asia will join Einride’s board of directors
2019.02.25Einride showcases new teleoperation solution at Mobile World Congress
2019.02.14Einride is teaming up with Ericsson to demonstrate the future of transport at the world’s largest mobile event
2018.12.18Einride partners with Dubai RTA to bring autonomous, sustainable road freight to the UAE
2018.12.10Einride select DeepMap’s HD mapping technology for autonomous vehicle fleet
2018.11.07Einride, Ericsson and Telia partners on 5G to bring autonomous, all-electric vehicles to the market
2018.11.06DB Schenker and Einride launch first commercial installation of an Einride pod
2018.07.12All-electric, autonomous logging truck revealed at Goodwood Festival of Speed
2018.04.18The world’s first self-driving truck on public roads — to be introduced in Sweden
2017.10.25Einride, a Swedish self-driving transportation startup, partners with Lidl to reduce emissions by 100 percent
2017.04.05Einride to change the future of transport with world’s first sustainable self-driving pod