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Einride secures major funding to fuel growth

16 October 2019 #Logistics #News #TNB News

Autonomous, all-electric transport provider Einride has secured major investment to support its growth and international expansion.

Einride will use the funds generated to build demand for sustainable transport and add to its customer contracts, which already include the likes of major global players like logistics provider DB Schenker, supermarket chain Lidl and large US based transport intensive companies.

Robert Falck, CEO and founder of Einride, said, “Our ambition is to disrupt the transport industry and closing our series A brings us one step closer to that goal. The funding will allow us to start expanding in the US, deliver on our technology road map and to meet rapidly increasing customer demand.

“We are proud to have such a strong line-up of international investors joining Einride as shareholders. Their support and combined experience will help us to continue delivering new commercial milestones and technological breakthroughs, transforming road freight transport as we know it, making it more efficient, safe and sustainable.”

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