What you need to know:
- Einride begins trading after SPAC merger with Legato Merger Corp., with shares jumping 100%+ on debut
- Company expands driverless eBot autonomous trucks across the U.S., Europe, and Middle East to scale electric freight operations
- Strong investor demand, including EQT Ventures, pushes PIPE above target and supports $333M total proceeds
- Einride is backed by major clients like Amazon and PepsiCo, targeting massive global autonomous freight market opportunity
It was a milestone day for Sweden-based Einride on Wednesday as the battery-electric trucking and autonomous freight technology company officially began trading on the Nasdaq Global Market and Nasdaq Capital Market under the ticker symbols ENRD and ENRDW, respectively. The debut follows the completion of its $1.35 billion merger with SPAC Legato Merger Corp.
Einride's shares surged more than 100% in its first day of trading.
[Related: Autonomous EV truck startup Einride going public via $1.8B SPAC deal]
Company leadership, including CEO Roozbeh Charli, were on hand to ring the Nasdaq Opening Bell at MarketSite in New York City's Times Square.
Einride CEO Roozbeh Charli standing at podium at the Nasdaq on June 10, 2026.Einride
The listing was propelled by an oversubscribed $113 million private financing (PIPE) round that blew past its initial $100 million target due to heavy demand from backers like EQT Ventures. The transaction delivers roughly $333 million in total gross proceeds, which sent shares skyrocketing over 100% in initial trading and triggering multiple volatility halts.
Einride, which counts Amazon and PepsiCo among its clients, will use the massive capital injection to aggressively scale its cab-less autonomous "eBot" fleets across the U.S., Europe, and the Middle East.
[Related: Einride completes first-ever electric truck border crossing without a driver]
Founded in Stockholm in 2016, Einride has developed an integrated ecosystem combining vehicle technology, software, charging infrastructure, and operational services to support large-scale freight electrification and automation. Einride now serves approximately 30 global customers across fast-moving consumer goods (FMCG), food, and industrial sectors, including some of the world's largest shippers.
According to the company, its commercial pipeline exceeds $800 million through existing Joint Business Plans with customers. Einride estimates its addressable market opportunity at approximately $4.6 trillion globally.
"Over the past decade, Einride has built the technology and the customer base to lead the transition to autonomous and electric freight. Our focus now is clear: continue expanding with our customers and increase automation within their networks, demonstrating that every mile we run makes the entire network more efficient," said Charli.
