Einride Files for $1.35B SPAC Listing, Scales Amazon Electric Fleet
Einride filed a Form F-4 registration with Legato Merger Corp. III to pursue a $1.35 billion SPAC listing, raising about $333 million in gross proceeds. It will deploy 75 electric heavy-duty trucks across five U.S. locations under an expanded partnership with Amazon.
1. SPAC Listing Details
Einride filed a registration statement on Form F-4 with Legato Merger Corp. III, setting the stage for a Nasdaq listing valuing the Swedish autonomous trucking company at $1.35 billion. The proposed combination is expected to generate approximately $333 million in gross proceeds, including $113 million from an oversubscribed PIPE and up to $220 million in trust cash.
2. Amazon Fleet Expansion
Under its expanded collaboration with Amazon, Einride will deploy 75 electric heavy-duty trucks across five U.S. sites, marking a significant scale-up in the e-commerce giant’s sustainable logistics operations. The move builds on existing partnerships with blue-chip shippers and targets growth in North America as part of broader commercial traction.