(Reuters) -Swedish self-driving truck startup Einride has raised around $100 million in the latest funding round from investors, including asset management firm EQT Ventures and quantum computing company IonQ, at an undisclosed valuation. The company on Wednesday said the capital will allow it to scale the deployment of its autonomous freight trucks, further technology development […]
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Self-driving truck company Einride raises $100 million
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(Reuters) -Swedish self-driving truck startup Einride has raised around $100 million in the latest funding round from investors, including asset management firm EQT Ventures and quantum computing company IonQ, at an undisclosed valuation.
The company on Wednesday said the capital will allow it to scale the deployment of its autonomous freight trucks, further technology development and expand its customer base.
Autonomous trucking technology promises to grow the freight and long-haul industry, but faces regulatory scrutiny over self-driving tech.
Self-driving freight services require less mapping than other technologies as they run on fixed routes between predefined points, mostly on major highways without intersections or pedestrians.
In 2021, Einride raised $110 million from investors such as Maersk’s venture capital arm and Singapore state investor Temasek.
Later that year, the company expanded into the U.S. market and signed up GE Appliances, Swedish vegan milk maker Oatly and tiremaker Bridgestone as customers.
(Reporting by Zaheer Kachwala in Bengaluru; Editing by Vijay Kishore)