Einride Files for $1.35B Nasdaq Listing, to Deploy 75 Electric Trucks with Amazon
Einride filed an F-4 with Legato Merger Corp. III for a $1.35B Nasdaq listing, raising $333M in PIPE and trust proceeds for a planned Q2 2026 closing. The electric truck maker will deploy 75 heavy-duty vehicles with Amazon in five U.S. regions and reported 2025 revenue of SEK457.8M.
1. SPAC Listing and Funding
Einride filed a Form F-4 registration with Legato Merger Corp. III for a business combination valuing the company at $1.35 billion, targeting a Nasdaq listing under “ENRD” in Q2 2026. The deal is expected to generate $333 million in gross proceeds, including $113 million from an oversubscribed PIPE and up to $220 million from SPAC trust cash.
2. Amazon Partnership Expansion
As part of its strategic collaboration with Amazon, Einride will deploy 75 electric heavy-duty trucks across five U.S. locations, marking a significant scale-up of its commercial fleet and underscoring growing demand for electric freight solutions.
3. Financial Performance and Customer Base
Einride’s audited 2025 revenue increased to SEK 457.8 million ($49.7 million) from SEK 388.4 million in 2024. The company now serves over 30 enterprise customers across seven countries, with $92 million in expected annual recurring revenue and more than $800 million in potential long-term ARR through existing contracts.