Core Finance Partner Christian Lagerling advised Einride on their $110m USD Series B funding from new investors

Core Finance Partner Christian Lagerling advised Einride on their $110m USD Series B funding from new investors
Core Finance Partner Christian Lagerling acted as advisor to Einride on its $110m USD Series B Investment from new investors Temasek, Soros Fund Management LLC, Northzone, Maersk Growth and Build Capital. Existing investors EQT Ventures, Plum Alley Investments, Norrsken VC, Ericsson and NordicNinja VC also participated in the round.

Einride, whose existing customers include Coca-Cola, Oatly, Lidl and Electrolux, is the leading provider of intelligent solutions for both autonomous and electric freight transportation. Its ethos lies in sustainability and cutting-edge technology that drives cost efficiency. Since its inception it has helped reduce customer CO₂ emissions by 94% compared to driving with diesel, including embodied emissions.

Core Finance Partner Christian Lagerling stated that "As an advisor and investor in Einride, I am very happy that we were able to bring very prestigious set of investors to join our journey. We believe that the mix of investors in this round will bring much more than capital and contribute greatly to team's mission of being the leader of freight transport-as-a-service."

Einride was founded in 2016 by Robert Falck, Linnéa Kornehed, and Filip Lilja and is recognized as the world’s first company to operate autonomous, all-electric freight vehicles on commercial routes on public roads. Its most well-known product is the Einride Pod, a cutting-edge solution to cabless freight mobility. It’s the only driverless freight mobility vehicle on the market and in commercial use. The Einride Pod also holds the current global speed record for electric and autonomous freight. Today, Einride operates the largest fleet of heavy electric trucks in Europe together with its customers.

In addition to its business-to-business transportation modules, Einride offers the Einride Mobility Platform, a cloud-native transport execution system for autonomous and electric road transport that allows customers to use real-time information and data driven insights to implement sustainable, cost-efficient, and high-performing transport logistics.

“We are proud to be backed by some of the world's most notable investors as they support our mission of becoming the leading provider of freight transport-as-a-service,” said Robert Falck, CEO and co-founder of Einride. “Their network, reach and experience will be invaluable as we further accelerate our strong momentum as the leader in autonomous and electric freight transportation, and as we expand into new markets. Einride is dedicated to transforming road freight transport as we know it, making it more cost-efficient, safe, and sustainable.”

"The road freight market is at an inflection point, with consumer demand and regulation pushing shippers to look for sustainable alternatives,” said Jessica Schultz, General Partner at Northzone. “Einride has emerged as the category leader, allowing global shippers to shift to electric and autonomous freight options. We've been blown away by the quality of the Einride team and are proud to support their journey towards the future of freight."

“Einride has one of the most ambitious teams I've met as a VC. What’s more, they have a clear and important mission, drastically lowering global freight emissions,” said Ted Persson, Partner at EQT Ventures. “As a purpose-driven investment organization ourselves, we’re proud to be supporting them on this journey as they lead the transition to sustainable freight. Their impressive list of customers and partners positions Einride uniquely in the marketplace.”