🏆 Deal of the Month · November 2022
Einride raised USD 475.5 million in a Series C round; the post-money valuation was not disclosed. The round was recognised as Venionaire DealMatrix Deal of the Month for November 2022. Investors AMF, EQT Ventures, Norrsken VC, Northzone, Polar Structure, and Temasek Holdings all participated in the financing.
Einride — key deal facts
| Company | Einride |
| Founded | 2016 |
| Headquarters | Stockholm, Sweden |
| Amount raised | USD 475.5M |
| Valuation | Valuation Remains Undisclosed |
| Round | Series C |
| Investors | AMF (http://www.amf-capital.de/start.html) EQT Ventures (https://eqtventures.com/) Norrsken VC (https://www.norrsken.vc/) Northzone (https://northzone.com/) Polar Structure (https://polarstructure.se/) Temasek Holdings (https://www.temasek.com.sg/en/index) |
| Sectors | Electric Vehicle |
Who invested in Einride?
The Series C was backed by AMF, EQT Ventures, Norrsken VC, Northzone, Polar Structure, and Temasek Holdings. The syndicate combines Nordic venture specialists—EQT Ventures, Norrsken VC, and Northzone—with a sovereign wealth fund in Temasek Holdings and domestic institutional capital through AMF and Polar Structure. That breadth of investor type, spanning early-stage venture, growth equity, and sovereign capital, reflects the scale of infrastructure investment required to commercialise autonomous electric freight at a global level.
What does Einride do?
Einride AB is a Swedish transport technology company that designs, develops, and operates electric and autonomous freight vehicles. Its flagship product is the Autonomous Electric Truck (AET), formerly known as the T-pod, which became the world's first autonomous electric freight vehicle to operate on a public road in 2019. The company also offers the Saga freight mobility platform, which coordinates autonomous vehicle fleets and enables remote human oversight. Founded in 2016 by Robert Falck, Filip Lilja, and Linnéa Kornehed, Einride is headquartered in Stockholm, Sweden, and serves customers across North America, Europe, and the Middle East.
Einride valuation & multiples
No existing multiples analysis was provided for this deal. Valuation-based multiples cannot be calculated because Einride's post-money valuation was not disclosed at the time of the Series C closing. Investors seeking sector context for electric vehicle and autonomous freight companies can explore relevant EV/Sales and EV/EBITDA benchmarks on the Venionaire DealMatrix Electric Vehicle sector multiples pages.
Explore the benchmarks: Series C.
Frequently asked questions
How much did Einride raise in its Series C?
Einride raised USD 475.5 million in its Series C round, announced in November 2022.
What is Einride's valuation?
Einride's post-money valuation was not disclosed in connection with the Series C round.
Who invested in Einride?
The Series C investors were AMF, EQT Ventures, Norrsken VC, Northzone, Polar Structure, and Temasek Holdings.
When was Einride founded and where is it based?
Einride was founded in 2016 and is headquartered in Stockholm, Sweden.
Source: original announcement — read the full report.